Monday, February 27, 2023

Capital infusion of Rs 3,000 crore likely in three General Insurers

The government had infused ₹5,000 crore in FY22 into three state-run general insurers, and so far it has pumped in around ₹18,000 crore into these loss-making firms. A large part of this capital was allocated to wage revisions.

source https://economictimes.indiatimes.com/industry/banking/finance/insure/capital-infusion-of-rs-3000-crore-likely-in-three-general-insurers/articleshow/98283652.cms

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