Centre To Infuse Rs. 12,000 Crore In State General Insurance Firms: Report ndtv.com

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Deepak Sharma 5 years ago in Business 0

Following the recapitalisation of public sector banks (PSBs), now public sector insurance companies — National Insurance, Oriental Insurance and United India Insurance — are going to be infused with funds worth Rs. 12,000 crore to boost their capital base and meet regulatory norms, sources said.
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.

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