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PSU banks ready to play a larger role towards Viksit Bharat 2047: DFS Secretary

PSU banks ready to play a larger role towards Viksit Bharat 2047: DFS Secretary

by AIP Online Bureau | Sep 13, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

M Nagaraju, Financial Services Secretary Key suggestions included adopting next-generation technologies, building common infrastructure, and designing hyper-personalized products. The discussions stressed the importance of modernising PSB technology by moving beyond...

PSU general insurance industry unions stick to 17% wage hike demand

by AIP Online Bureau | Aug 26, 2025 | Indian News, Non-Life, Policy

“In today’s meeting with GIPSA through virtual mode, the Associations were offered an improved loading factor of 14 per cent. While thanking the management for their efforts to come out with enhanced offer but reiterated our demand for parity with LIC in...
Govt raises wage hike offer to 14% from 12% for PSU general insurance industry

Govt raises wage hike offer to 14% from 12% for PSU general insurance industry

by AIP Online Bureau | Aug 25, 2025 | Indian News, Non-Life

The GIPSA has called for a virtual meeting of unions on Tuesday noon Earlier, the unions of of PSU general insurance industry had rejected a 12 per cent wage hike offered by the Department of Financial Services and demanded a 17 per cent hike to be on par with the...

Govt clears appointments of 5 EDs in PSU general insurance cos

by AIP Online Bureau | Jul 22, 2025 | Briefs, Non-Life

The government on Tuesday has cleared the appointments of five executive directors(EDs) in different PSU general re/insurance companies. Anjana Saxena and Amandeep Singh Grover have been posted as EDs in Oriental Insurance Company, Jayashri Balkrishna in GIC-Re,...
3 PSU general insurers need Rs 152-170 billion to achieve a solvency ratio of 1.50x in FY 2026, says ICRA

3 PSU general insurers need Rs 152-170 billion to achieve a solvency ratio of 1.50x in FY 2026, says ICRA

by AIP Online Bureau | Jun 2, 2025 | Health, Indian News, Non-Life, Regulation

“Gross domestic premium income(GDPI) growth is expected to improve in FY2026 supported by pricing discipline in commercial lines and low base, continued growth in health and increase in vehicle sales vis-à-vis FY2025. Private insurers are expected to expand their...
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