As far as the regulatory approval is concerned when two insurance companies registered under the Act come with a scheme to merge, then the regulator will examine and he has all the authority to examine that merger, said Ashvin Parekh.
The government plans to hike the recapitalizing funds for the public sector banks. Hike in loan rebate, 100 percent FDI for asset reconstruction companies (ARCs) via the automatic route and sticking to fiscal deficit target of 3.5 percent are also on the cards, say sources.