The Finance Ministry is exploring a merger of Oriental Insurance, National Insurance, and United India Insurance. This comes after significant government capital infusion improved their financial standing. The government previously considered this merger but deferred it. Now, with better finances, efficiency and scale are key drivers for this potential consolidation. Privatisation of a general insurance company is also under examination.
FinMin renews merger proposal of state-owned general insurance companies
The Economy Times Industry2 hrs ago
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India Today