State-run general insurers to hire consultant for revamp
"The government has recently infused capital in three insurers and this is the next step to improve on their operational efficiencies," said an executive aware of the matter, adding this may also help to increase the valuation of the firms which may be privatised.
RBI CRR hikes to increase overnight ratesCRR has been hiked to 4.5% from 4%, now taking it above the pre pandemic level when it was reduced to 3% as part of the central’s banks efforts to support the economy due to the pandemic and subsequently raised to 3.5% in 2021. In his statement governor Shaktikanta Das said the hike in CRR was to ensure, liquidity conditions are “modulated in line with the policy action.”
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