SBI Life

SBI Life IPO subscribed 58% on Day 2

SBI Life IPO subscribed 58% on Day 2

SBI Life is a joint venture between India's largest lender State Bank of India (SBI) and BNP Paribas Cardif (BNPPC) -- the insurance holding company of France.

Sep 21, 2017, 20:19 PM IST
SBI Life IPO subscribed 9% on Day 1

SBI Life IPO subscribed 9% on Day 1

The Rs 8,400 crore initial public offer (IPO) received bids for 83,67,555 shares against the total issue size of 8,82,00,000 shares, data available with the NSE showed.

Sep 20, 2017, 19:27 PM IST
SBI Life IPO opens; garners Rs 2,226 crore from anchor investors

SBI Life IPO opens; garners Rs 2,226 crore from anchor investors

BlackRock, Canada Pension Fund, Government of Singapore, Abu Dhabi Investment Authority, HSBC, HDFC MF, ICICI Prudential MF, Kotak MF, Reliance MF, Axis MF and UTI MF are among the 69 anchor investors.

Sep 20, 2017, 10:44 AM IST
India's first billion-dollar IPO since 2010 all set to be launched today

India's first billion-dollar IPO since 2010 all set to be launched today

SBI Life, a subsidiary of top Indian lender State Bank of India, will open the IPO sale to the public on September 20 and close it on September 22, according to a filing. 

Sep 19, 2017, 19:06 PM IST
ICICI Lombard gets Sebi go-ahead for Rs 6,000 crore IPO

ICICI Lombard gets Sebi go-ahead for Rs 6,000 crore IPO

In case of SBI Life, the market regulator received the required details from IRDAI on August 28 and the case is currently "under process" at Sebi's end.

Sep 05, 2017, 17:20 PM IST

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.

May 24, 2017, 15:36 PM IST

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).

May 17, 2015, 15:44 PM IST

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.

May 03, 2015, 12:41 PM IST

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.

Apr 06, 2014, 15:45 PM IST

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.

Nov 17, 2013, 11:54 AM IST

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.

Nov 06, 2013, 19:41 PM IST

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.

May 01, 2013, 16:13 PM IST

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.

Mar 31, 2013, 16:14 PM IST

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.

Jul 22, 2012, 11:06 AM IST

SBI Life Q1 net rises 26% to Rs 144 cr

SBI Life Insurance Sunday reported a 26 percent growth in net profit at Rs 144 crore for the first quarter ended June 30, over the corresponding period an year ago.

Jul 24, 2011, 11:55 AM IST

SBI Life regains top slot among pvt insurers in first half

SBI Life, an insurance venture
promoted by the country`s largest lender SBI, has regained the
top position among private players with a premium income of
Rs 2,391 crore in the first half of this fiscal.

Oct 23, 2009, 20:28 PM IST

ICICI Pru pips SBI Life to become largest private insurer

Private insurer ICICI Prudential has pipped SBI Life to regain the top position among private players garnering new businesses Rs 1,725 crore in the first five months of the current fiscal.

Oct 02, 2009, 17:52 PM IST