New Delhi: The Union Cabinet on Wednesday approved capital infusion of Rs 12,450 crore in three public sector general insurance companies.
Briefing reporters about the Cabinet decisions, Information and Broadcasting Minister Prakash Javadekar said Cabinet has approved capital infusion of Rs 12,450 crore in three public sector general insurance companies – Oriental Insurance Company, National Insurance Company and United India Insurance Company (including Rs 2,500 crore infused in 2019-20).
Cabinet approves capital infusion of Rs 12,450 cr for 3 Public Sector General Insurance Companies – Oriental Insurance Company Ltd, National Insurance Company Ltd & United India Insurance Company Ltd (including Rs 2500 cr infused in FY 2019-20): Union Minister Prakash Javadekar pic.twitter.com/QD5JUpnYpw
— ANI (@ANI) July 8, 2020
The cabinet meeting was chaired by Prime Minister Narendra Modi.