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.source https://economictimes.indiatimes.com/industry/banking/finance/insure/finmin-asks-psu-general-insurers-to-cut-flab-rationalise-branches-other-expenses-sources/articleshow/79473971.cms
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