FINANCE MINISTRY ASKS STATE-OWNED INSURANCE COMPANIES TO FOCUS ON PROFITABLE BUSINESSES

The ministry of finance has asked state-owned general insurance companies to prioritise profitable ventures and focus on enhancing profitability rather than solely pursuing top-line growth.

The government recently provided Rs 7,250 crore in installments to three public sector general insurance companies --National Insurance Company Limited, Oriental Insurance Company Limited, and United India Insurance Company.

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