: Saturday, May 1, 2021, 8:13 PM IST
Stocks to beat Monday blues: Watch out for stocks of RIL, SBI General Insurance, Ipca Lab, HDFC Bank, SBI, IndusInd Bank, Shriram City Union Finance
Stocks to beat Monday blues: Watch out for stocks of RIL, SBI General Insurance, Ipca Lab, HDFC Bank, SBI, IndusInd Bank, Shriram City Union Finance
On Friday, many heavyweights like Reliance Industries, IndusInd Bank among others reported higher profits in the fourth quarter. So, when the market opens on Monday, it would be interesting to see these stocks and others. Automobile stocks like Mahindra and Mahindra and Maruti Suzuki India reported a drop in unit sales. Thus, auto stocks may be in focus too.
SBI General Insurance FY21 net profit rises 32%
April 30, 2021
The company paid an interim dividend of 10% during 2020-21
SBI General Insurance reported a 32 per cent increase in its net profit to ₹544 crore in 2020-21 as against ₹412 crore in the previous fiscal.
Its gross written premium (GWP) also grew 22 per cent to ₹8,312 crore last fiscal from ₹6,840 crore in 2019-20.
Solvency ratio was 2 in 2020-21 versus 2.27 in 2019-20. Combined ratio was 99.8 per cent last fiscal as against 98 per cent in the previous fiscal.
“SBI General’s corporate growth was primarily led by its expansive pan-India reach enabled by the increasing number of distribution partners in bancassurance, OEM tie-ups and digital integration like Indian Overseas Bank, Yes Bank, KIA Motors, Honda Siel Cars, Ford Motors, Tata Motors Pvt. Ltd., TVS Motors, Royal Enfield, Suzuki Motor Cycles, Jeep, Railyatri,” it said in a statement on Friday.
SBI General Insurance to bear cost of COVID vaccination for active agents, POSPs
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Last Updated: Apr 27, 2021, 03:41 PM IST
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Synopsis The COVID-19 pandemic has created unprecedented challenges for businesses and people across the world. It s certainly commendable to witness our own COVID warriors i.e. our channel partners, who have stood firm and helped the organisation navigate the uncertain environment, SBIG s managing director and CEO PC Kandpal said.
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The vaccination is extended to all advisors who have remained active with the insurer since March 2020 and are eligible for vaccination under the government s current norms.
Private non-life insurer SBI General Insurance (SBIG) Tuesday said it will bear the cost of COVID-19 vaccination for its active agents and point of sale persons (POSPs). The vaccination is extended to all advisors who have remained active with the insurer since March 2020 and are eligible for vaccination under the government s current