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Indian

SBI Gen net at Rs 113 crore, posts u/w profit & positive CR in Q1

Rikhil Shah, CFO, SBI General Insurance, said, “Our entire accumulated losses have been wiped out and we are likely to achieve a growth of 20 % in ROE post tax by the fiscal-end.We have witnessed a growth of 52% in Q1 FY 18-19 against an industry growth of 12%. We are looking 30 per cent of topline growth by the end of the fiscal. Also, we are looking at ROE growth by 20 per cent in the current fiscal”

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