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Govt May Recapitalise Fi For Uti Bailout

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BUSINESS STANDARD
Last Updated : Jan 28 2013 | 12:54 AM IST

The finance ministry is considering the option of recapitalising one of the financial institutions to infuse funds into the troubled Unit Trust of India.

The move will ensure that the Centre does not have to step in directly to solve the problem of the redemption pressures on the assured-return schemes of UTI, which have begun maturing from the end of April 2002. While today

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First Published: Jun 13 2002 | 12:00 AM IST

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