INSURANCE AUSTRALIA GROUP
SBI to monetise old assets, list insurance, card businesses
SBI General could be valued at Rs 12,000 crore. It has net worth of Rs 1,500 crore and share capital of Rs 212 crore.
SBI looking at reducing non-core investments
The government has advised all state-run banks to sell down their non-core assets to unlock capi...
SBI aims to raise Rs 2.5k crore via general insurance arm’s listing
SBI General has consistently expanded its business with a focus on prici...
Australia shares end lower, Fletcher Building hurts NZ
The S&P/ASX 200 index fell 0.3 per cent or 14.7 points to 5,841.2.
SBI may look at IPO of general insurance business next fiscal
SBI General Insurance is a joint venture between SBI and Insurance Australia Group.
Top stocks in focus on 21 November 2017
Here is a list of top stocks that are likely to be in focus in today's trading session.
SBI gets approval to divest 10% stake in SBI Life Insurance
The executive committee of the central board of the bank authorised the divestment on Monday, State Bank of India said in a statement to the exchanges.
Insurance sector may get over Rs 12,000 crore FDI in 2016: Assocham
The investment push has come as a result of liberalisation of foreign investment ceiling to 49 per cent last year through the passage of Insurance Laws (Amendment) Bill.
SBI not to sell insurance plans of other companies
Even though Irda has allowed banks to tie-up with three insurers from each segment of life, non-life and health, State Bank of India will only market schemes of its subsidiaries.
SBI looking at selling stakes in insurance subsidiaries
SBI said it is keen on selling some of its stake in insurance subsidiaries and is in talks with respective joint ventures for the same.
SBI hopes to sell stakes in insurance units by year end
On factoring business, Bhattacharya said she sees a wider scope for the segment in the country and is not planning to merge it with the bank.
SBI General Insurance FY14 premium income up 54% at Rs 1,188 crore
State Bank of India's combined ratio improved to 132 per cent in FY14 from 201 per cent reported in the previous fiscal.
Stake dilution in SBI Life to be finalised in 3-4 months
Stake dilution by SBI will help the country's largest bank in monetising its investment and provide growth capital for banking business.
Insurance FDI cap hike sees inflow in JVs; $1bn likely in 2016
AXA raised stake in both life and non-life insurance ventures with Bharti Enterprises, leading to foreign capital inflow of about Rs 1,300 crore.
India-Australia CEOs forum discusses ways to enhance trade
The CEOs Forum of India and Australia today discussed ways to increase trade and investment, and agreed on taking steps for skill development.
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