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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.
Private firms may step in to cover government’s insurance plan
With premiums close to market rates, companies including ICICI Lombard General...
SBI to divest up to 10 per cent stake in life insurance venture
"The executive committee of the central board has today authorised divestment...
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.
SBI General Insurance premium income up 83% to Rs 541 cr in H1
SBI General Insurance today said it has seen a healthy 83 per cent growth in premium income to Rs 540.93 crore in the first half of the current financial year.
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.
SBI General Insurance sets 60% premium growth this fiscal
SBI General Insurance, which draws around 60% of its business from banking channel, also said it would focus more on the other channels like brokers.
SBI to discontinue free accident cover for loan customers
Country's largest bank SBI will discontinue a free accident insurance cover given to its home and car loan customers from July this year.
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.
SBI, SBI General Insurance provide personal accident cover to 7 million
State Bank of India today said it has provided personal accident cover to over 7 million of its account holders across the country in association with SBI General Insurance.
SBI gets final nod for non-life venture
Public lender State Bank of India (SBI) today received final approval for its general insurance subsidiary from the regulator IRDA.
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.
IRDA gives first-stage approval to SBI for its general ins biz
Insurance regulator, IRDA, said it has given first-stage approval to SBI for its general insurance venture. SBI has tied-up with Insurance Australia Group for its general insurance foray.
SBI may commence general insurance biz by March 2010
SBI, said it is likely to start its general insurance business by March next year. The general insurance venture promoted by SBI and Insurance Australia Group of Australia has started recruitment of top level management for the company.
SBI gets IRDA nod for non-life JV
Insurance Regulatory and Development Authority (IRDA) has granted an in-principle approval to the State Bank of India (SBI) for its proposed non-life joint venture with IAG of Australia.