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 .
Axis Bank awaiting regulatory nod to reclassify 3 promoters as public shareholders
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Three promoter entities United India Insurance, National Insurance and New India Assurance have made a request to reclassify them to public category from promoter category
(MINT PRINT)
. Updated: 22 May 2021, 05:08 PM IST PTI
The three entities held 0.03%, 0.02% and 0.69% stake, respectively in Axis Bank as on March 31, 2021
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New Delhi: Private sector Axis Bank on Saturday said three promoters United India Insurance Company, National Insurance Company and New India Assurance Company will be reclassified as public category shareholders post requisite regulatory approvals.
The bank has identified the administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), Life Insurance Corporation of India (LIC), General Insurance Corporation, New India Assurance Company, National Insurance Company, United India Insurance Company, and Oriental Insurance Co Ltd
General insurance agents seek aid from PSU insurers
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May 21, 2021 22:27 IST
Demand for compensation of at least ₹10 lakh each to families of agents who died of COVID
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Demand for compensation of at least ₹10 lakh each to families of agents who died of COVID
A general insurance agents’ body has appealed to the four public sector general insurers to declare a compensation of at least ₹10 lakh each to the families of agents who have died of COVID-19.
It also wanted the four companies, namely National Insurance, New India Assurance, Oriental Insurance and United India Insurance, to extend interest free loans to agents hospitalised due to the virus. Seeking support from the companies for the agents, General Insurance Agents’ Federation Integrated (GIAFI) president Rapolu Sudhakar said payment of the compensation will immensely help families of the agents.
Read more about Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks on Business Standard. Tata Consultancy Services (TCS) on Friday said Samir Seksaria will take over as the company s Chief Financial Officer on May 1, 2021
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