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general insurance

06 Sep 2019

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.

16 Jul 2015

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.

13 Jul 2015

Interviews for GIC Re, National Insurance CMDs on Wednesday

The Finance Ministry has invited eight senior officials from state-owned general insurers for interview to fill up the two CMD posts in GIC Re and National Insurance Company (NIC) in the national capital on July 15.

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