Finance ministry asks PSU general insurers to cut flab; rationalise branches, other expenses: Sources

Earlier this year, the Union Cabinet decided to halt the merger process of three state-owned general insurance companies due to weak financial positions of these three companies. Instead, the government approved fund infusion of Rs 12,450 crore to meet regulatory parameters.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/finance-ministry-asks-psu-general-insurers-to-cut-flab-rationalise-branches-other-expenses-sources_14537761.html
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