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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,...
MoF rejects unions’ concerns, stoutly defends ongoing restructuring of PSU general insurance cos

MoF rejects unions’ concerns, stoutly defends ongoing restructuring of PSU general insurance cos

by AIP Online Bureau | Dec 10, 2023 | Indian News, Non-Life

The PSU general insurance companies are board governed commercial entities operating in a competitive and regulated market. This entities are empowered to take appropriate decision in such a matter in compliance with regulatory framework and guidelines, said Bhagwat...
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