sbi life


New premium of life insurers up 27% on year at Rs 13,698 cr in Feb

Mar 13 2018

Life insurance firms reported an increase of about 27 percent in its new premium collection in February at Rs 13,698.52 crore, data from insurance regulator Irdai showed.

Sanjeev Nautiyal nominated as MD and CEO of SBI Life

Feb 27 2018

SBI Life Insurance Co said Sanjeev Nautiyal has been nominated as its next MD and CEO.

IPO gains from life arm lifts SBI net manifold to Rs 1,840 cr

Nov 10 2017

On standalone basis, net profit plunged to Rs 1,582 crore from Rs 2,538.32 crore a year ago.

Stake sale in insurance arms to help banks on bad loans: Moody's

Oct 05 2017

Recent sale of stake by Indian banks in their insurance business would help in dealing with the issue of their NPAs, or bad loans, and improve balance sheets.

India Week Ahead (Oct 3-6): Market eyes RBI Credit Policy

Oct 03 2017

Indian market continue the losing streak, fell more than 1% last week as slowing economic growth and absence of any positive cues took its toll. Key events:

SAT to decide on Rs 275 cr refund to policy holders

Sep 14 2017

The Securities Appellate Tribunal (SAT) has to decide on the refund of around Rs 275 crore to policy holders.

India's SBI Life files for IPO; seen raising more than $1 billion

Jul 17 2017

India's SBI Life Insurance Co Ltd, a unit of State Bank of India, filed for an initial public offering of shares that bankers have said could raise more than $1 billion.

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

May 24 2017

The IPO market is heading for a heavy rush with big names including UTI Mutual Fund and SBI Life expected to launch their IPOs amounting to Rs 20,000 cr.

SBI Life plans IPO; SBI to dilute 10% stake in insurer

Mar 24 2017

SBI said it plans to dilute 10 per cent of its stake in the life insurance venture SBI Life through public offer.

SBI Life Insurance targets Rs 1 Lakh Cr in assets & managament biz

Jan 24 2017

SBI Life Insurance aims to achieve a growth of Rs one lakh crore in its assets and management business towards the end of this year.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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