Mon, Nov 28, 2022 7:42 AM
SGX Nifty trading lower by 70 points! Indian markets may open gap down
A Flip by Shubhra
Uday Kotak built his Kotak Mahindra Bank Ltd. over decades to become Asia’s richest banker. After India’s regulator slapped his bank with a surprise ban, he’s facing one of his biggest tests yet - and a dip in wealth.The lender’s shares tumbled as much as 13% on Thursday after it was barred from adding new customers through its digital channels.
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💰 The top gainers in the Nifty index were Axis Bank (⬆️ 6.00%), State Bank of India (⬆️ 5.12%), Dr Reddys Laboratories (⬆️ 4.50%), JSW Steel (⬆️ 2.62%), and Nestle India (⬆️ 2.50%). ⏳ On the other hand, the top losers in the Nifty index were Kotak Mahindra Bank (⬇️ 10.87%), LTI Mindtree (⬇️ 1.95%), Hindustan Unilever (⬇️1.30%), Titan Company (⬇️ 1.07%), and SBI Life Insurance Company (⬇️ 1.07)
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What is moratorium period in health insurance? How is it different from the free-look period or waiting period?—Name withheld on request Moratorium period is also referred to as the look-back period in insurance. This is a safeguard clause built-in for the policyholders. Once the moratorium period is over, insurers cannot reject a claim on the grounds of non-disclosure, or misrepresentation.
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