BANKING GENERAL KNOWLEDGE
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Question
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What is the authorised capital of National Insurance Company Limited (NICL)?
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Rs.1500 crore
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Rs.100 crore
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Rs.200 crore
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Rs.500 crore
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Explanation:
Detailed explanation-1: -A notification issued by the finance ministry on April 13 said that for NICL the authorised capital will now be ₹15, 000 crore, for OICL it will be ₹7, 500 crore and for UICL, authorised capital has been raised to ₹7, 500 crore from ₹5, 000 crore.
Detailed explanation-2: -According to the current norms, insurers are required to have a minimum paid-up capital of Rs 100 crore.
Detailed explanation-3: -Head Office : Address : 3, Middleton Street, Prafulla Chandra Sen Sarani, Kolkata, West Bengal, 700071.
There is 1 question to complete.