The Government has said that it is left to the Board of Directors of Life Insurance Corporation (LIC) to determine if they want to go for a banking license or not.
R Gopalan, secretary, department of financial services said, “The LIC board will have to decide that first. Let the board decide, discuss and debate whether LIC should get into the banking business or not”.
LIC had expressed interest in obtaining a bank license after the Finance Minister, Mr. Pranab Mukherjee had said in the Union Budget 2010-11 that new banking licenses should be given to private operators and non banking financial companies.
LIC holds a market share of more than 60% in the life insurance sector and also has associates in the housing finance, offering Home Loans and mutual fund business.
It also has a stake of 10.53% in SBI, 10.35 % in ICICI Bank and 7.02% in HDFC Bank. It is also one of the promoters of Axis Bank and has attempted to take its control earlier. But these attempts proved futile. This was because Axis Bank was a private sector company while LIC is a public sector company.
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If you’re like me when you first saw the term “arbitrage sports betting” you just said, “huh?” You may even be reading this article because you were wondering. It is a relatively little method that can actually allow you to make money no matter who wins or loses. Kind of like heads I win, tails I win!
Finally, to insure that you do indeed have the best betting odds that you can get, it is crucial as a bettor to shop the money line and the odds. Any reputable sports book online would offer the best line for your wagers without coercion. However, once you have found the best deal, it is important to verify and scrutinize the odds based on the past performance of the particular teams involved you can make appropriate judgments that can be indicative of the weaknesses and strengths of the respective sporting teams. You should also do research on the sports players, injury lists, and the teams if possible.
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For quite some time the United States House of Representatives has been trying to pass a bill that will make it much more difficult for people to get away with breaking the online gambling laws. Not to mention stricter penalties for those who are caught.
The most commonly occurring reason I have found for people consistently losing money at sports betting is that they have no "game plan". The most essential elements of a good game plan for betting purposes are a valid, proven Selection System and a proper Staking Plan. The Staking Plan alone won't cut it; first and foremost you must employ a worthwhile Selection System.
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