the entire tdi city will be completely developed and inhabited and buzzing with activity our recent scheme for the plot owners build and earn was greatly appreciated by customers we will soon introduce some more innovative schemes for the benefit of our valued clientele he added the life insurance industry rose to rs 16235 crore an increase of rs 6750 crore over the previous year the money has gone into meeting solvency margin requirements training agents and opening new branches the rbis announcement union bank of india chairman m v nair pointed out that this was the second time that rbi had cut the repo rate within a fortnight prior to this rbi had cut the repo rate by one percentage point to 8 since banks will find their cost of funds going down he said they will pass on the benefit to the customer