New Delhi, June 3 (IANS) India’s largest lender, State Bank of India (SBI), expects to list its asset management arm SBI Funds Management Ltd (SBIFML) on the exchanges in 2027, with draft papers for the proposed public issue already filed with market regulator Sebi, SBI Chairman Challa Sreenivasulu Setty said on Wednesday at the CITI India 2026 Conference in Mumbai.Speaking with NDTV Profit, Setty said the country’s largest lender is moving ahead with plans for the initial public offering (I…
Latest SBI Life Insurance News & Updates
Mumbai, May 21 (IANS) Indian equity markets traded higher on Thursday in early deals amid hopes of easing tensions in West Asia after Iran said it was reviewing latest proposal to end the conflict.In the morning trade, Sensex jumped as much as 0.83 per cent or 627 points to hit an intraday high of 75,945, while Nifty traded 0.84 per cent or 200 points higher at 23,859.On the sectoral front, realty stocks led the gains, with the Nifty Realty index rising 1.5 per cent. Nifty Cement advanced 1 per …
Mumbai, April 22 (IANS) SBI Life Insurance on Wednesday reported a marginal 1 per cent decline in its net profit for the fourth quarter of FY26, even as premium income showed strong growth.During the quarter, the insurer’s profit after tax (PAT) stood at Rs 804.64 crore, compared with Rs 813.5 crore in the same quarter last year.On a quarter-on-quarter basis, net profit jumped by about 40 per cent from Rs 576.74 crore in the third quarter of the fiscal.Moreover, net premium income rose 16 per …
Mumbai, Jan 8 (IANS) The Indian benchmark indices posted mild losses on Thursday amid profit booking, rising geopolitical tensions and muted sentiment from the Asian markets.As of 9.23 am, Sensex slipped 108 points, or 0.13 per cent to 84,852 and Nifty eased 46 points, or 0.18 per cent to 26,094.Main broad-cap indices performed almost in line with benchmark indices, with the Nifty Midcap 100 down 0.32 per cent, while the Nifty Smallcap 100 lost 0.14 per cent.Bharat Electronics and SBI Life Insur…