Indian government to inject funds into the capital of three insurers

Sotck exchangeThe Indian government is considering the possibility of injecting additional funds into the capital of three state-owned insurance companies, which have been running at a loss for years. These are National Insurance, Oriental Insurance and United India Insurance. The operation will depend on the insurers' financial performance over nine months.

For the record, the government has injected a total of 174.5 billion INR (2.1 billion USD) into the capital of the three companies between 2019 and 2022 to improve their solvency and financial health.

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