The FinTech Hub
Source: Live Mint The government in its Union Budget for 2025-26 proposed raising the foreign direct investment (FDI) limit for India’s insurance sector to 100% from 74%—meeting a long-awaited industry demand. So why did the stocks of most Indian insurance companies end the day flat to negative? The simple reason for that being that well-established…
Source: Live Mint SBI Life Insurance Company declared its December quarter results for the financial year 2024-25 (Q3FY25) on Friday, January 17. It posted a net profit of ₹550.82 crore, up a massive 71.2 percent percent from ₹321.75 crore in the same period last year. Sequentially, it rose just 4 percent from ₹529.42 crore in…
Source: Business Standard 3 min read Last Updated : Sep 10 2024 | 4:26 PM IST Shares of insurance companies, including life and general insurance forms, were trading weak on profit booking, falling by up to 4 per cent on the BSE in Tuesday’s intra-day trade in an otherwise firm market. HDFC Life Insurance…
Source: Business Standard 3 min read Last Updated : Sep 10 2024 | 11:20 AM IST SBI Life Insurance has been fined Rs 1 crore by the industry regulator for alleged violations in its dealings with insurance web aggregators and outsourcing practices. What is the case? The Insurance Regulatory and…
