trending Market Intelligence /marketintelligence/en/news-insights/trending/JLHh3H9pE3aij1N1mG1_EA2 content esgSubNav
In This List

Report: India's finance ministry to finalize listing plan for state-owned insurers

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

Expand Your Perspective: Data & Distribution Q&A

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work


Report: India's finance ministry to finalize listing plan for state-owned insurers

India's finance ministry will seek Cabinet approval forlisting of state-owned general insurers after finalizing details in the nexttwo months, Mint reported Oct. 9,citing "people familiar with the matter."

The ministry is working to finalize details like how muchstake will be diluted in the proposed IPOs, the people said. The news reportcame months after the government in February proposed to list New India Assurance Co. Ltd., ,United India Insurance Co.Ltd. and as part of efforts to strengthen the financial sector.

In 2015, the government decided to the foreign investment cap in thecountry's insurance sector to 49% from 26%.