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SBI shelves IPO plans for general insurance arm

SBI General, valued at over Rs 12,000 crore recently, is a joint venture between SBI and Insurance Australia Group(IAG) with a 26 per cent ownership which is planning to exit the joint venture fully

Rs 70,000 cr package announced for exports, realty sectors to boost growth

Besides, a Rs 1,700 crore annual dole will allow Export Credit Guarantee Corp (ECGC) to offer higher insurance cover to banks lending working capital for exports, she said. This will enable reduction in the overall cost of export credit including interest rate, especially for MSMEs, she added

IRDAI penalises Bagic and Go Digit for violating its norms 

In one of the findings, the IRDAI has said that the number of offices (financial year wise) indicates that the actual number of offices as per the records of Bagic varies with the number of offices as per the records of the IRDAI and public disclosures.  There is noticeable increase in the number of offices and staff after MISP guidelines have come into effect. 

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