After a low single digit progress in FY21, the primary full yr of Covid-19, the non-life insurance coverage trade reported an 11 per cent progress in premiums to Rs 2.20 trillion in FY22. This compares with a 1.98 trillion price of premiums collected in FY21. Progress within … Read more
India Inc reported over 50 per cent development in consolidated internet revenue for the monetary 12 months ended March 31, whereas internet gross sales jumped by 25 per cent on a year-on-year (YoY) foundation. Information out there with Ace Fairness confirmed that the highest 10 gamers contributed as a lot as 25 per cent and … Read more
Credit score development in India rose by 9.6 per cent year-on-year to Rs 10.5 lakh crore in fiscal yr 2022, in response to a report by SBI Ecowrap. This was led by sharp acceleration in retail loans adopted by credit score in MSMEs and infrastructure, the report added. Going forward, in FY 2023, credit score … Read more
HDFC Financial institution has made important progress on the know-how entrance throughout FY22, making adjustments on the foundational stage, creating new digital options and modernising its legacy core, MD & CEO Sashidhar Jagdishan mentioned in his message to shareholders within the financial institution’s annual report. “I’m pleased to tell you that because of the progress … Read more
Public sector lender Punjab Nationwide Financial institution has stated it earned over ₹645 crore by levying ATM transaction prices on clients through the monetary yr 2021-22. Income earned by PNB from ATM transaction prices stood at ₹645.67 crore in monetary yr 2021-22, the financial institution stated in response to an utility in search of data … Read more
By Rusen Kumar NEW DELHI: Indian corporations are taking CSR very significantly and working such initiatives, which may profit the weaker part of society. Bigger companies have proven their deep dedication to partaking with communities, and NGOs and aligning with the nationwide priorities to additional human improvement efforts. This may be seen within the case of … Read more
On the again of beneficial insurance policies and market circumstances, capital expenditure spends of high 100 firms (excluding banks and financials) within the Nifty200 index, rose to Rs 4.65 trillion within the monetary yr 2022, the best prior to now decade, in keeping with information sourced from Bloomberg and Capitaline. That is additionally a 14% … Read more
ICICI Prudential Life Insurance coverage on Monday introduced a report bonus of Rs 969 crore for policyholders in FY2022, 12 per cent increased than the previous fiscal. That is the corporate’s sixteenth consecutive annual bonus, and the best ever so far, ICICI Prudential Life stated in a … Read more
ICICI Prudential Life Insurance coverage Firm’s consolidated internet revenue jumped 47.33% to Rs 445.62 crore on a 37.38% surge in complete earnings to Rs 23,129.39 crore in Q2 FY22 over Q2 FY21. Web premium earnings jumped 8.33% to Rs 9,286.53 crore in Q2 September 2021 as towards Rs 8,572.19 crore in Q2 … Read more
ICICI Financial institution’s life insurance coverage arm, ICICI Prudential on Monday introduced an annual bonus of ₹968.8 crore for monetary yr FY22 to all eligible collaborating policyholders. This is able to be the sixteenth consecutive yr of bonus fee and in addition the very best ever by the Firm thus far, exceeding the FY2021 bonus … Read more