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Long list of promoted GMs hints at delay in merger of 3 PSU general insurers
“ Obviously, the number of promotions indicate the merger is not happening in a hurry. The public sector general insurnace industry doesn’t need such large number of GMs after the merger of three insurers. Some of the newly appointed GMs have residual services of three to four years,’’ said sources in the industry
SBI Life’s net profit rises 13.33 % to Rs 381.21 cr in q4FY2018
Reliance General’s net profit at Rs165 cr, up 27 %, in 2017-18
LIC’s FYP income jumps 13.5% to record Rs 1.34 trillion in FY18
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