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Quote on Fed rate cut by 50 BPS points by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance Below the Quote on Fed rate cut by 50 BPS points by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance   “Federal Reserve has cut interest rate by 50 basis point in September, marking its first reduction since 2020. This move signals the beginning of a cautious pivot, with the Fed projecting two additional 25 basis point cuts in 2024. Interestingly, this decision saw the first dissent from a Fed governor Michelle Bowman since 2005, advocating for a smaller cut. The...
Quote on Fed rate cut by 50 BPS points by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance
Quote on Fed rate cut by 50 BPS points by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance
Source: Shriram General Insurance
2024-09-19 10:17:12 am
SGI - Inputs on RBI Monetary Policy Committee by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance Below the Quote on SGI - Inputs on RBI MPC by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance   The Reserve Bank of India (RBI) has maintained the repo rate at 6.5%, marking the eighth consecutive review since February 2023 without changes. This steady stance represents the second-longest period of rate stability in the past 25 years, reflecting the RBI's commitment to a stable economic environment. RBI's decision to keep the repo rate unchanged demons...
SGI - Inputs on RBI Monetary Policy Committee by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance
SGI - Inputs on RBI Monetary Policy Committee by Mr. Ashwani Dhanawat, ED & CIO, Shriram General Insurance
Source: Shriram Life Insurance
2024-08-08 12:56:09 pm
Gross Premium of Shriram General Insurance up 31% in Q1FY25 Shriram General Insurance Company (SGIC) has announced that its Gross Written Premium (GWP) during Q1 FY25 has increased by 31% to Rs 733 crore, over the same period last year surpassing the industry growth of 13%. The company wrote 1282017 policies in Q1FY25 and earned a net profit of Rs. 114 crores during the first quarter of FY25, a growth of 17% from Rs 98 crores a year ago period. The company has settled 48290 claims during Q1 FY25, compared to 39076 in the ...
Gross Premium of Shriram General Insurance up 31% in Q1FY25
Gross Premium of Shriram General Insurance up 31% in Q1FY25
Source: PR Agency
2024-08-06 05:26:41 pm
Shriram General Insurance HY1 FY24 Net Profit Rises 47% Shriram General Insurance Company (SGIC) on Tuesday said it wrote 27,34,197 policies driven by growth in GWP and higher focus towards Electrical Vehicle segment (6.39%). The company earned a net profit of Rs 217 crores during the first half of FY24, a 47 % increase YoY. For the Q2 of FY24, the net profit was Rs 119 crores. The Board of Directors declared an Interim Dividend of Rs. 3/- per share. The insurer, jointly owned by Shriram Group and Africa’s S...
Shriram General Insurance HY1 FY24 Net Profit Rises 47%
Shriram General Insurance HY1 FY24 Net Profit Rises 47%
Source: PR Agency
2023-11-07 05:44:53 pm