Finmin asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources

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.

from Banking/Finance-Industry-Economic Times https://ift.tt/2KQTQn1