The government has put the solvency ratio of state-owned Oriental Insurance Company at a far worse number of 0.69 for the year ended March 31, 2021, than what analysts had reckoned with at 0.92, according to filings made with the National Stock Exchange (NSE).
The number was flagged in a recapitalisation advice, sent by the department of financial services in the finance ministry to the company this week.
