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SBI General Insurance’s annual GDP crosses Rs 15,000 crore for first time, PAT jumps 8.7% YoY in FY26SBI General Insurance delivered a strong FY26 performance, crossing Rs 15,000 crore in gross direct premium for the first time with 14.5% g...- SBI General Insurance 9M FY26 gross direct premium grows 15%, PAT at Rs 522 croreSBI General Insurance reported strong financial performance in 9M FY26, with gross direct premium growth of 14.5% and PAT of Rs 522 crore. ...
- Bima-ASBA facility will eliminate unauthorised deductions, say insurance sector playersIrdai's implementation of Bima-ASBA for insurance premium payments will enhance transparency and security by blocking the premium amount un...
- Ambani’s Jio Financial plans to tap StanChart executive as unit CEOBillionaire Mukesh Ambani's new financial services firm is set to appoint Kusal Roy, the India country manager of Standard Chartered Plc, a...
- SBI appoints Kameshwar Rao Kodavanti as CFOKodavanti replaces Charanjit Surinder Singh Attra who has resigned from the post. "Kameshwar Rao Kodavanti has been appointed as CFO of Sta...
- Synechron to hire 2,000 professionals in 2021The company has over 10,000 employees globally, and revenues of over $650 million.
- Synechron acquires payments solution provider AttraAttra is one of the leading pure-play payments solutions providers with a global delivery footprint in Australia, New Zealand, North Americ...
- Bank Board recommends names for two SBI MDsThe BBB interfaced with 16 candidates from various nationalised banks and State Bank of India on October 5, for vacancies of Managing Direc...
- SBI appoints former EY Partner Charanjit Attra as new CFOState Bank of India announced the appointment of Charanjit Attra as its new chief financial officer, the lender said in an exchange filing....
- Why delay in transition to new accounting standards is not a bad thing for banksWhile banks are heaving a sigh of relief as they get more time to gear up, investors and analysts are somewhat disappointed by the delay.
- Wisdom of RBI’s move to restrict trade finance instruments questionableBanks would now need to issue guarantees or letters of credit (stand-by letters of credit which are in the nature of guarantees), in lieu o...
- 3i Infotech net loss widens to Rs 396 croreMid-sized IT company 3i Infotech today reported widening of losses to Rs 396.08 crore for the March quarter on impairment loss provision of...
- Bidders drop out as 3i Infotech’s debt mounts to Rs 2,000 crore3i’s troubles mirror similar woes faced by other promoter-driven peers such as NIIT, which has been looking to sell itself and has had over...
- Mid size IT firms like iGate, 3i Infotech and Mphasis face tough conditionsIGate spent $1.2 billion to buy Patni and borrowed money from private equity Apax to fund the deal. 3i binged on foreign currency convertib...
- State-run banks to beat rising tide of bad loans as India switches to IFRS“Provisions for loan losses would have to be created on an expected loss model as defined in Ind-AS 109, the standard which has been finali...
- New 3i infotech management sees profitability in 6-12 monthsThe software products and services company was hurt by several acquisitions, some of which were funded through external borrowings.
- 35 new standards notified, but accounting system fails to meet IFRS normsThis has defeated the purpose of migrating to the International Financial Reporting Standards, or IFRS, which proposes a uniform accounting...
- Wipro expands its operations in Australia, opens development centreIn a bid to expand operations, India's leading software company Wipro today opened its new Australian Development Centre here.
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