SEBI approved QIB status to PLI/RPLI
The Securities and Exchange Board of India on Monday decided to increase the maximum application size for retail individual investors to Rs.2 lakh across all issues.
The board decided to accord the QIB(qualified institutional buyer) status to insurance funds set up by the Department of Posts such as the Postal Life Insurance Fund (PLIF) and the Rural Postal Life Insurance Fund (RPLIF).
source-i net
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