Credit rating agency CRISIL Ratings Ltd affirming AAA/Stable rating for Oriental Insurance Company Ltd s Rs.750 crore subordinated debt said the insurer plans to grow at 5-10 per cent this fiscal.The rating agency said the insurer is predicting .
BBB selects candidates for general manager posts in four PSU general insurance companies
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Last Updated: May 12, 2021, 09:48 PM IST
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Synopsis
The headhunter for state-owned banks and financial institutions also selected Arti Mathur and Nagalakshmi D for general manager and directors position in Oriental Insurance Company Ltd.
Agencies
There are five public sector general insurance companies, including one re-insurer General Insurance Corporation of India in the country.
The Banks Board Bureau (BBB) has recommended names of Satyajit Tripathi, Y K Shimray and Sophia Singh for the post of general manager and directors of the three state-owned general insurance companies New India Assurance Company, United India Insurance Company and General Insurance Corporation of India. Besides, the headhunter for state-owned banks and financial institutions also selected Arti Mathur and Nagalakshmi D for general manager and directors position in Oriental Insurance Company Ltd.
Relay Strike: PSU non-life & life insurance staff to strike
By
Venkatachari Jagannathan ( IANS) |
Published on
Tue, Mar 16 2021 13:18 IST |
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Insurance.. Image Source: IANS News
Chennai, March 16 : It is going to be a relay strike by unions in the public sector financial services sector domain.
After the two day strike Monday and Tuesday by the bankers, unions in the public sector general insurance companies and Life Insurance Corporation of India will go on strike on Wednesday and Thursday, respectively.
The unions in the non-life and life sectors will be going on strike protesting against the government s decision to privatise one of the general insurance companies, increasing foreign direct investment limit to 74 per cent and divest stakes in LIC by an initial public offer (IPO), union leaders told IANS.
Highlights
The four PSU non-life insurers are National Insurance Company Ltd, The New India Assurance Company Ltd, The Oriental Insurance Company Ltd and United India Insurance Company Ltd.
The two-day Nationwide bank strike caused a lot of inconvenience to the customers on services such as cash withdrawals, deposits, cheque clearances, remittance services.
However, branches of private-sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike.
It is going to be a relay strike by unions in the public sector financial services sector domain.
After the two-day strike Monday and Tuesday by the bankers, unions in the public sector general insurance companies and Life Insurance Corporation of India will go on strike on Wednesday(March 17) and Thursday (March 18), respectively.