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Insurance business to boost profit by year-end: Rel Cap

Sam Ghosh, CEO of Reliance Capital and KV Srinivasan, CEO of Reliance Consumer Finance, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that high interest rate environment has hit the company's profitability.

August 16, 2011 / 22:12 IST
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Reliance Capital has reported a consolidated net profit of Rs 34.8 crore in the first quarter of FY12 as against Rs 77 crore in the corresponding quarter last fiscal. Consolidated income from operations increased to Rs 1,468 crore from Rs 1,178 crore year-on-year.

Also read: Reliance Capital Q1 consol net profit down at Rs 34.8 cr Sam Ghosh, CEO of Reliance Capital and KV Srinivasan, CEO of Reliance Consumer Finance, in an interview with CNBC-TV18
first published: Aug 16, 2011 11:30 am

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