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general insurers asked to rationalise branches and cut costs
During 2021-22, the government has budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions
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3 PSU non-life insurers planning reduction in branch network
PSUs are aiming for a 25% office rationalisation through mergers and closures.
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Centre may infuse Rs 5,000 crore capital in three general insurers
The government is looking at listing National Insurance and Oriental Insurance on the stock exchange after injecting the capital.
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Government mulls privatisation of one of three general insurance companies
Finance Minister Nirmala Sitharaman in her Budget address in February had said that one general insurance company, along with two public sector banks
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Government readies amendments to GIBNA for insurance PSU privatisation; may table Bill in monsoon session
The government has budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions during 2021-22
