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Sunday, May 8, 2022

Public sector general insurers may get capital infusion of Rs 3,000-5,000 crore

In the last financial year, the government made capital infusion of Rs 5,000 crore in these three insurance companies.

from Banking/Finance-Industry-Economic Times https://ift.tt/Q3KbRP0
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Public sector general insurers may get capital infusion of ₹3,000-5,000 cr

They are short of solvency margin and to improve operational efficiencies an external consultant will be appointed soo

from The HinduBusinessLine - Money & Banking https://ift.tt/2w7p1Cr
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Hospitality & tourism: Gross bank credit rises 8.2% in March FY22

Industry experts say it depicts the stress suffered by the sector post-pandemic

from The HinduBusinessLine - Money & Banking https://ift.tt/3eyaruL
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Central Bank of India says not yet decided on branch closures

On Thursday, Reuters cited sources and a document saying the bank was looking to reduce the number of branches by 600, or 13% of the total, by either shutting or merging loss-making branches by the end of March 2023.

from Banking/Finance-Industry-Economic Times https://ift.tt/OyDSwGb
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RBI rate hike not a surprise, but its timing was, says FM

The Reserve Bank of India’s (RBI) decision to raise interest rates will not impact the government’s planned infrastructure investments and the hike was part of a synchronised action by major central banks across the globe to deal with the twin challenges of taming inflation and supporting economic revival, finance minister Nirmala Sitharaman said on Saturday.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gEQquwk
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