Dabur's Burmans to enter i-banking, broking

The Burman family, promoter of Dabur India, is likely to buy less than 26 per cent stake in the Indian unit of Portuguese investment banking and securities firm Espirito Santo.Negotiations are at......

IAG pays SBI Rs 500 cr premium for non-life JV

Insurance Australia Group will pay Rs 542 crore (Rs 5.42 billion) for a 26 per cent stake in its general insurance venture, SBI General Insurance Co. The amount includes around Rs 500 crore (Rs 5......

Banks' rush unlikely for insurer licence

The Insurance Regulatory and Development Authority has finally given its nod for banks to become brokers for the segment. But a rush of applications from banks, to become insurance brokers is......

SBI seeks record entry premium for insurance foray

State Bank of India (SBI) is asking prospective partners for its general insurance foray to pay it Rs 300 crore (Rs 3 billion) to Rs 350 crore (Rs 3.5 billion) as entry premium, insurance industry......