SBI Life's stock is holding strongly above the support zone of 200 EMA on the daily chart
Annual operating profit of Rs 60,000 crore good enough to absorb any increase in provisioning, while high growth potential subsidiaries to drive valuations
Over Rs 650-cr selling in Zee, Infratel
Changes have been made in several indices, including Nifty 500, Nifty 200, Nifty 100 and Nifty Midcap 150
There was a decline of 29 per cent in individual new business premium, while individual rated premium slipped by 36 per cent
With brand-customer engagements restricted to an online-only universe, advertisers look at ways to wield the double-edged digital sword
Shares of SBI Life on Monday ended at Rs 745.5, down 0.74 per cent
SBI is expected to mop up almost $202 million via the share sale.
The transaction is being done through an equity purchase stake that values each share at Rs 86.
The net profit of the insurer jumped 16 per cent to Rs 531 crore in Q4FY20 from Rs 458 crore because of lower tax provision
The Life Insurance Corporation differs from its listed peers in a number of ways, and these should be factored into its valuation prior to its proposed initial public offering
Earlier, reports said that Carlyle Group was looking to sell 3 per cent of its stake in SBI Life in the price range Rs 930-940 apiece, a 6-7 per cent discount to Monday's closing price.
Stock at life high with the potential for further gains after firm posts strong growth in business
Following the share sale, SBI's stake in SBI Life will fall from 62.1 per cent to 57.6 per cent
Christopher Wood, global head of equity strategy at Jefferies cautions that the 'consumer financing boom' in India has peaked
With favourable business mix and valuations, stock emerges top pick for analysts
New business premium up 32 per cent to Rs 9,470 crore in the nine months of this fiscal; gross written premium was Rs 21,660 crore, up 34.5 per cent
The stock ended at Rs 692.50, down 1.37% from its previous close on BSE
SBI Life Insurance Company Ltd, a joint venture between the State Bank of India (SBI) and BNP Paribas Cardif S A, is eyeing 35-40 per cent growth in new business premium collection in this fiscal.In FY17, the company mopped up new business premium of about Rs 10,200 crore. Total premium collection by the insurer in last fiscal was about Rs 21,000 crore."In the current fiscal, we have firmed up strategies for growth in new business premium. The growth would be primarily driven by bancassurance channel that would grow 52 per cent. Plus, we also expect good growth in agency channel- this is expected to grow by 32 per cent", said Sanjeev Pujari, president (actuarial & risk), SBI Life Insurance Company Ltd.The company's bancassurance channel has been growing by 40 per cent year-on-year over the last three years. "We operate through multiple channels but we have seen very strong growth in our bancassurance channel in the last three years. The driver has been SBI's network of more than ..
SBI Life Insurance is joint venture between SBI, BNP Paribas Cardif- French insurance company