Asia Insurance Post
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
Select Page

RBI approves Central Bank buying stakes of Generali group’s Indian companies

by AIP Online Bureau | Nov 24, 2024 | Banking & Bancassurance, Briefs, Life, Non-Life, Regulation | 0 comments

The Reserve Bank of India (RBI) has approved state owned Central Bank of India’s entry into the insurance business through a joint venture with Generali group under Future Generali India Insurance Company Ltd (FGIICL) and Future Generali India Life Insurance Company(FGILICL), subject to continuous compliance of conditions stipulated by it and approval of IRDAI, the sectoral regulator. Earlier, the Competition Commission of India (CCI) had approved the proposed acquisition of Future Enterprises Ltd’s (FEL) 24.91 per cent stake in Future Generali India Insurance and 25.18 per cent shareholding in Future Generali India Life Insurance by Central Bank of India.

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Insurance premium for aircraft expected to go up, says IndiGo CEO
  • Ambanis to infuse Rs 16K cr in Jio Financial Services to take on rivals
  • Air India’s Ahmedabad Crash:Re/insurers clear $125 million claims for AI’s Hull and engines
  • ICICI Foundation partners with IIT Kanpur to build Digital Health Stack
  • India projected to grow 6.4% in 2025 & 2026, reform momentum driving stable growth: IMF

Categories

  • Articles
  • Banking & Bancassurance
  • Blog
  • Breaking News!
  • Briefs
  • Climate, Environment, Renewable Energy
  • Data
  • Disaster & Management
  • Eco/Invest/Demography
  • Editorial
  • Events
  • Facts
  • Features
  • Health
  • Indian News
  • Intermediaries
  • International News
  • Interviews
  • Life
  • Main Menu
  • Non-Life
  • Pandemic
  • Pension & Social Security
  • Policy
  • Regulation
  • Reinsurance
  • Risk Management
  • Simple
  • Technology
  • Trends, Facts
  • Uncategorized
  • Wealth Management/ Philanthropy
  • Workplace/Employee Benefits
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
  • Eco/Invest/Demography
  • Indian News
  • International News
  • Health
  • Non-Life
  • Pandemic
  • Technology
  • Risk Management
  • Reinsurance
  • Banking & Bancassurance
  • Wealth Management/ Philanthropy