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At Rs15 crore, GIC Re tops India Inc’s per employee profitability chart during FY 2022-23

At Rs15 crore, GIC Re tops India Inc’s per employee profitability chart during FY 2022-23

by AIP Online Bureau | Feb 4, 2024 | Indian News, Non-Life, Reinsurance

A dividend cheque of Rs.1083.60 crore for FY 2022-23 was handed over to Finance Minister Nirmala Sitharaman by N. Ramaswamy, CMD, GIC Re with M P Tangirala, additional secretary, Dept of Financial Services (extreme left), and, Hitesh Joshi, general manager, GIC Re...

Govt ropes in Deloitte for evaluating new 9 EDs of PSU gen insurance industry

by AIP Online Bureau | Jan 23, 2024 | Indian News, Non-Life, Policy, Wealth Management/ Philanthropy

At the end of the programme, Deloitte will give some grades to each of the officials which will be taken into account for the selection executive directors by the FSIB at the time of final interview New Delhi: The government, for the first time, has roped in...

Half- day holiday declared for PSU insurers on Jan 22

by AIP Online Bureau | Jan 19, 2024 | Briefs, Life, Non-Life, Policy

Public sector banks, insurance companies, financial institutions and regional rural banks will remain closed for half day on January 22 due to the Ram temple consecration ceremony in Ayodhya. Earlier in the day, the Department of Personnel and Training issued an order...

FSIB kickstarts exercises to appoint 9 EDs in PSU general insurance companies

by AIP Online Bureau | Jan 9, 2024 | Indian News, Non-Life, Policy, Regulation, Reinsurance

FSIB has shortlisted a few of GMs who were promoted in FY2022-23 and also in FY 2023-24, though they have not completed one year in the posts New Delhi: After deciding to convert the posts of general  mangers and director(GMDs) into executive directors(EDs), the...
Govt clears proposal to appoint EDs in PSU gen insurance companies, interviews for 9 EDs soon

Govt clears proposal to appoint EDs in PSU gen insurance companies, interviews for 9 EDs soon

by AIP Online Bureau | Dec 23, 2023 | Indian News, Non-Life, Policy, Reinsurance

The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi has finally approved the proposal of the Department of Financial Services for framing of guidelines for appointment of EDs in all public sector general insurance companie Currently,...
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