Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources

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Earlier this year, the Union Cabinet decided to halt the merger process of three state-owned general insurance companies due to weak financial positions of these three companies. Instead, the government approved fund infusion of Rs 12,450 crore to meet regulatory parameters.

from Stocks-Markets-Economic Times https://ift.tt/36msPQN

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