Thursday, April 14, 2022

Centre infuses ₹5,000 crore into 3 state-run insurance companies

A notification issued by the finance ministry on April 13 said that for NICL the authorised capital will now be ₹15,000 crore, for OICL it will be ₹7,500 crore and for UICL, authorised capital has been raised to ₹7,500 crore from ₹5,000 crore.

source https://economictimes.indiatimes.com/industry/banking/finance/insure/centre-infuses-5000-crore-into-3-state-run-insurance-companies/articleshow/90853993.cms

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