Centre to infuse Rs 12,000 crore in state general insurance firms
The Budget had provisioned Rs 70,000 crore for PSB recapitalisation and last week a Rs 55,250-crore infusion was announced in several PSBs for regulatory and growth requirements.
Sep 06, 2019, 14:39 PM IST
MTS planning Rs 1 lakh accidental insurance for new customers
Sistema Shyam Teleservices, which operates under MTS brand, is in final stage of discussion with Oriental Insurance company to provide Rs 1 lakh accidental insurance cover to its new data subscribers.
Oct 18, 2015, 13:41 PM IST
PSU general insurers on promotion spree, elevates 21 DGMs to GMs
In their bid to take on rising competition, public sector general insurers have unveiled a succession planning by promoting their young officials to the post of general managers.
Aug 09, 2015, 13:52 PM IST
CCI imposes Rs 671 crore fine on four state-run insurers
Competition Commission has imposed a penalty of Rs 251.07 crore on New India Assurance, Rs 162.8 crore on National Insurance, Rs 156.62 crore on United India Insurance and Rs 100.56 crore on Oriental Insurance, respectively.
Jul 16, 2015, 20:11 PM IST
