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Financial sector readies for IPO rush worth over Rs 20,000 crore

The IPO market is heading for a heavy rush with a number of high-profile names including UTI Mutual Fund and SBI Life expected to launch their initial public offers amounting to Rs 20,000 crore in coming months.

Stake dilution in SBI Life to be finalised in 3-4 months

It is believed that the foreign partner is most likely to increase its stake in the leading life insurance firm promoted by the country's largest lender State Bank of India (SBI).

SAT may hear SBI Life case against IRDAI this week

The Securities Appellate Tribunal (SAT) has served a notice to Insurance Regulatory and Development Authority of India (IRDAI) in adjudication of a case relating to SBI Life, the life insurance arm of SBI.

SBI General sets 60% premium growth this fiscal

"In this fiscal we expect to grow at around 60 per cent, which we feel is reasonable," managing director and chief executive Bhaskar J Sarma told PTI.

LIC outshines pvt sector insurers in H1 premium collection

State-owned Life Insurance Corporation has outperformed its peers in the private sector by recording a 7.26 percent growth in premium collection during the first half of the current fiscal.

SBI General Insurance premium income up 83% to Rs 541 cr in H1

SBI General Insurance Wednesday said it has seen a healthy 83 percent growth in premium income to Rs 540.93 crore in the first half of the current financial year.

SBI Life FY'13 net up 12% at Rs 622 crore

Private insurer SBI Life Insurance on Wednesday posted 12 percent growth in profit at Rs 622 crore for the financial year ending March 31, 2013.

Life insurers' premium income falls over 6% in Apr-Feb FY13

Total premium collected during the April-February period of 2012-13 fiscal by the industry stood at Rs 84,501.75 crore, down 6.12 percent over the same period previous year.

India's pension mkt to be Rs 20 lakh cr by 2015: Assocham

Low pension coverage and large workforce in the unorganised sector also provides massive opportunities for private sector and foreign players to enter the pension market in India.