11.6k cr pay day at PSU insurers, RBI
The Centre has approved a Rs 11,640-crore payout for employees of public sector general insurers, RBI, and Nabard, covering wage and pension resets. State-owned general insurers will receive the largest share of Rs 8,170 crore. This comes as three PSU insurers face solvency concerns, potentially leading to budgetary capital infusion and speculation about consolidation or stake sales.
The Centre has approved a Rs 11,640-crore payout for employees of public sector general insurers, RBI, and Nabard, covering wage and pension resets. State-owned general insurers will receive the largest share of Rs 8,170 crore. This comes as three PSU insurers face solvency concerns, potentially leading to budgetary capital infusion and speculation about consolidation or stake sales. What's Your Reaction?
