India, May 4 -- The Government of India has issued a release:
A meeting was convened under the chairpersonship of Shri M. Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance today to undertake a comprehensive review of the Vision Strategy documents of three Public Sector Insurance/ Reinsurance companies, namely Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC Re) and Oriental Insurance Co Ltd. (OICL)
The Vision Strategy documents covering the medium-term (three-year) and long-term (five-year) horizons were examined. Throughout the discussions, Secretary (DFS) offered strategic direction aimed at boosting operational efficiency and reinforcing financial stability, while und...