State-Owned Reinsurer GIC To Hold 15% In Credit Enhancement Fund

State-owned General Insurance Corporation of India (GIC Re) will hold 15 percent in the credit enhancement fund, Indian Renewable Energy Development Agency (IREDA), another government enterprise, is likely to hold 5 percent stake in the fund.

The credit enhancement fund, which was announced in Budget 2016-17, is being set up to raise the credit rating of bonds floated by infrastructure companies and to make it easier for investors to invest in such securities.

GIC Re has obtained in-principle approval of competent authority to acquire 15% stake in the credit enhancement company. The special purpose vehicle for credit enhancement would be called “NICE (National Infrastructure Credit Enhancement Ltd.)“.

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RECRUITMENT OF SCALE I OFFICERS in GIC Re - 2017

GIC Re, the ‘Indian Reinsurer’ and 14 th largest Reinsurance Company in the world fully owned by Government of India with the network in India and abroad is looking for Young, Energetic Graduates / Post Graduates with Brilliant Academic record in the disciplines mentioned below to fill-in the positions of 33 Officers in the cadre of Assistant Manager (Scale-I) to be based in its offices in India and abroad (primarily to be posted in Head Office, Mumbai) and will be liable to be posted anywhere in India as well as abroad as per the requirement of the Corporation.

To know more about GIC Re, go through the details in the website www.gicofindia.in

Important Events	Dates
Commencement of on-line registration of application	08/03/2017
Closure of registration of application	27/03/2017
Closure for editing application details	27/03/2017
Last date for printing your application	11/04/2017
Online Fee Payment	08/03/2017 to 27/03/2017

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