A flagship pension scheme for daily wage earners launched last year by Prime Minister Narendra Modi has not used one third of its original budget allocation in its first year of operation, a report by a parliamentary panel has revealed.
03 Apr 2020
The government has found a buyer for Jiwasraya Putra, a newly formed subsidiary of financially stricken state owned life insurer Asuransi Jiwasraya, according to the president director of the latter company, Mr Hexana Tri Sasongko.
02 Apr 2020
The Financial Services Commission (FSC) has said that a private equity firm (PEF) that Korea Development Bank (KDB) set up in March 2010 with Consus Asset Management to acquire the life insurer is not subject to the Financial Holding Companies...
A post-merger Union Bank, which has been amalgamated with Andhra Bank and Corporation Bank may sell Andhra Bank's stake in a life insurance company.
01 Apr 2020
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