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Govt drops any merger plans among PSU general insurers

Govt drops any merger plans among PSU general insurers

by AIP Online Bureau | Apr 12, 2026 | Indian News, Non-Life, Policy

Though, the government had not announced any specific plans for the mergers among PSU general insurers-New India Assurance, Oriental Insurance, United India Insurance, United India Insurance-  in recent times, the Department of Financial Services(DFS) was...
Dip-stick Survey:DFS Secy takes up unsatisfied closed complaints with banks and insurers

Dip-stick Survey:DFS Secy takes up unsatisfied closed complaints with banks and insurers

by AIP Online Bureau | Mar 27, 2026 | Banking & Bancassurance, Health, Indian News, Life, Non-Life, Policy, Regulation

M Nagaraju, secretary, Department of Financial Services Till date eighteen such meetings have been conducted and 360 grievances have been reviewed. The objective of such an exercise is to assess the efficacy of grievance resolution through a ‘dip-stick...
Govt cheers OIC crossing Rs 20k gross premiumin in Fy 26, reiterates its continued support for PSU insurers

Govt cheers OIC crossing Rs 20k gross premiumin in Fy 26, reiterates its continued support for PSU insurers

by AIP Online Bureau | Mar 27, 2026 | Indian News, Non-Life, Policy

OIC poised to introduce forward-looking solutions like Sarvatra Suraksha Parametric Insurance Policy, Nil Depreciation Comprehensive Policies, including long-term variants and Surety Bond Insurance, aligning with evolving risk landscapes and national priorities. New...
Govt advertises for New India’s CMD post, pvt sector candidates can apply

Govt advertises for New India’s CMD post, pvt sector candidates can apply

by AIP Online Bureau | Mar 24, 2026 | Indian News, Non-Life, Policy

The post will fall vacant as Girija Subramanian, CMD, NIA, will be retiring on July 31.Both eligible PSU and private sector candidates can apply. Last date for applying is Apr 21 New Delhi:After filling up the post of CMD at GIC Re, the FSIB has invited applications...
No proposal under consideration on merger of PSU banks: MoS Finance

No proposal under consideration on merger of PSU banks: MoS Finance

by AIP Online Bureau | Mar 23, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

The amalgamation of PSBs, as envisaged, has contributed to improving operational efficiency and financial soundness of banks through streamlining of operations and reduction in costs, thereby resulting in increasing consolidated business of banks, Minister of State...
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