February 01, 2015 5:27 PM ET

Company Overview of SBI General Insurance Co. Ltd.

Company Overview

Oval House

63, British Hotel Lane

Off Nagindas Master Road, Fort

Mumbai,  400 001

India

Founded in 2009

Phone:

919819024779

Key Executives for SBI General Insurance Co. Ltd.

Chief Executive Officer
Deputy Chief Executive Officer
Compensation as of Fiscal Year 2014.

SBI General Insurance Co. Ltd. Key Developments

SBI Mulls Share Sale In SBI Funds Management

State Bank of India (BSE:500112) (SBI) is considering share sales in its insurance and asset-management units including SBI Funds Management Private Limited to meet tighter capital requirements. State Bank of India is planning to list its insurance units and is holding discussions with its joint venture partners for the same. State Bank of India owns 74% stake in SBI Life Insurance Company Limited and majority stake in SBI General Insurance Co. Ltd. “We are in talks with our joint-venture partners regarding the listing of the insurance units,” Arundhati Bhattacharya, Chairman of SBI, said on July 25, 2014. SBI is also in discussions with Amundi India Holdings, which holds a stake in SBI Funds Management, for a potential equity issue, she said without elaborating as a final decision has yet to be made.

SBI General Insurance Plans to Raise INR 350 Crore

SBI General Insurance Co. Ltd. plans to raise Rs. 350 crore from its shareholders to fund its expansion plans in financial year 2015, according to a media report. SBI General Insurance plans to enter the crop insurance segment in six districts, the report added.

SBI General Insurance Co. Ltd. Reports Premium Income for Fiscal 2014

SBI General Insurance Co. Ltd. reported premium income for fiscal 2014. The company has registered a 54% growth in premium income at INR 11.88 million for the fiscal 2014.

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