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Earlier this year, the government had amended the regulation so that listed state-run companies, including banks, will not need to comply with the rule requiring an MPS of 25 percent even after their privatisation, if the government decides so

Max Life and SBI Life took charge in market share improvement for the month of August. Max Life gained 142 basis points YoY to 6.2 percent market share in the individual APE segment, while SBI Life gained 259 basis points to 17.6 percent.