Cabinet Clears amendments for privatisation of general insurance firm

Cabinet Clears amendments for privatisation of general insurance firm

Cabinet Clears amendments for privatisation of general insurance firmJul 29, 2021, 01:08 PM IST

Last year, the government had provided capital support to National Insurance, Oriental Insurance and United India Insurance to meet regulatory requirement and increase the authorised share capital of National Insurance Company Ltd (NICL) to Rs 7,500 crore and that of United India Insurance Co Ltd (UIICL) and Oriental Insurance Co Ltd (OICL) to Rs 5,000 crore each.

American Express to resume India business from August 7Jul 29, 2021, 06:18 AM IST

The company has asked its partner banks and payment operators in India to recommence onboarding of new merchants on its network from August 7.

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