SBI General Insurance
BANKING SBI General Insurance premium income at Rs7.71bn in FY’13 SBI General Insurance Company Limited (SBI General), the general insurance arm of State Bank of India (SBI), has successfully achieved Premium Income of Rs.7.71bn during the FY13, registering an impressive 208% growth. Sharing the Financial year performance with the media, Bhaskar J Sarma, MD & CEO of SBI General Insurance said, “We are delighted with our growth during the last FY, as we emerged as one of the fastest growing players in General Insurance Industry to cross Rs.7.50bn mark in a financial year, an achievement that we were able to do just in the third year of our operations. We expanded our Branch Network to 38 locations pan-India and presence in another 120 locations through satellite resources during the last financial year. We propose to expand our presence to another 25-30 more locations during the cu...