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Finance Ministry asks PSU banks, insurers to adopt austerity measures, shift to EVIndia’s finance ministry has directed state-run banks, insurers and financial institutions to cut costs through measures such as limiting t...- Finance Secretary reviews PSU insurance strategyFinancial services secretary M Nagaraju reviewed strategy documents for four public sector insurance companies. He directed them to boost i...
- Ensure timely resolution of public grievances, prompt claims processing: Finmin to insurersPublic Sector Insurance Companies are directed to enhance customer service and claims processing. Focus will be on profitable business grow...
- Finmin asks banks and insurance companies to expedite resolution of public grievancesThe Finance Ministry has asked PSBs and insurance companies to speed up the resolution of public grievances. Financial Services Secretary M...
- PSU banks recover 14 pc of written-off loans in last 5 years: Nirmala SitharamanPublic sector banks could recover only 14 per cent of the written-off loans worth Rs 7.34 lakh crore in the last five years ending March 20...
- Govt looking at new selection body for PSU financial entitiesThis comes after the selection of executives by BBB for various other institutions was challenged before the courts.
- One chairman for two insurers: Irdai raises red flags over new govt moveThe govt had sought Insurance Regulatory and Development Authority of India's (Irdai) approval to appoint Anjan Dey as acting chairman of N...
- Anjan Dey likely to be named acting chairman of New India AssuranceDey will continue to be the chairman of Oriental Insurance, making it the first time a chairman will be in charge of two insurers. Generall...
- No pre-shipment inspection certificate needed for metallic scrap import at Kattupalli Port from safe countries: govtThe safe countries include the US, the UK, Canada, New Zealand, and Australia, besides the European Union. The other ports are Chennai, Tut...
- Steel Ministry to consider demands of recycling sectorThe union steel ministry will seriously consider the demands of the country's recycling industry for support in the form of strong policy i...
- DGFT to review pre-shipment inspection agencies, to redraft rulesDGFT has blacklisted and suspended 12 agencies who issue pre-shipment inspection certificates (PSIC) and is said to be in the process of re...
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