As Modi Government 2.0 close-to-completes its constitutional obligation of presenting budgets, one major announcement related to privatisation of two public sector banks and a general insurance company is yet to see the light. Additionally, the privatisation of IDBI Bank is expected to be completed by the new government later this year. At the end of the fiscal year 2022-23, while all the 12 public sector banks are in black, three out of four general insurance companies are in red.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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