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Finmin asks state-owned general insurance companies to focus on profitable businesses

Finmin asks state-owned general insurance companies to focus on profitable businesses

The finance ministry urged state-owned general insurers to focus on profitability rather than revenue growth. After a Rs 7,250 crore capital infusion, companies like Oriental Insurance and National Insurance improved their financial performance. Operational reforms, including staff recruitment, are underway. The government monitors their progress and hasn't planned further capital infusion.

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