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SBI hopes to sell stakes in insurance units by year end

State-run State Bank of India Tuesday said the valuation process for the stake sale in its insurance units has begun and the transaction is likely to be completed by the end of the year.

SBI looking at selling stakes in insurance subsidiaries

State Bank of India Friday 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 looking at selling stakes in insurance subsidiaries

State Bank of India on Friday 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, Reliance witness steep decline in life insurance premium

The life insurance industry witnessed a drop of six percent in premium collection during the 2012-13 fiscal, with large private sector insurers like SBI Life and Reliance Life recording a steep fall in premium income.

SBI General Insurance premium soars to Rs 425.47 cr in Apr-Nov

SBI General Insurance has garnered premium of Rs 425.47 crore in the first eight months (April-November) of the ongoing financial year, a rise of 219 percent over the same period in the previous fiscal.

SBI Life told to distribute excess payments to policyholders

As per the guidelines, life insurers are not allowed to pay towards management expenses, documentation expenses, profit commission, bulk discount or any other payment to the agent, corporate agent, group organiser or group manager.