Net Interest Income (NII) is expected to increase by 21.6 percent Y-o-Y (up 0.8 percent Q-o-Q) to Rs. 11,534.9 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 12.9 percent Y-o-Y (up 50.4 percent Q-o-Q) to Rs. 11,339.1 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 46.7 percent Y-o-Y (down 34.8 percent Q-o-Q) to Rs. 8,391.3 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 20.7 percent Y-o-Y (down 5.6 percent Q-o-Q) to Rs. 9,482.4 crore, according to Motilal Oswal.
Motilal Oswal is bullish on HDFC Standard life has recommended buy rating on the stock with a target price of Rs 475 in its research report dated April 26, 2019.
Net Interest Income (NII) is expected to increase by 7.2 percent Y-o-Y (up 38.3 percent Q-o-Q) to Rs. 9,541.4 crore, according to Motilal Oswal.
Padalkar also mentioned about seeing some headwinds backed by macro events.
Motilal Oswal is bullish on HDFC Standard life has recommended buy rating on the stock with a target price of Rs 475 in its research report dated January 22, 2019.
Macquarie upgraded Asian Paints to outperform rating post December quarter results and also raised its 12-month target price to Rs 1580 from Rs 1180 earlier.
Motilal Oswal is bullish on HDFC Standard life has recommended buy rating on the stock with a target price of Rs 450 in its research report dated October 23, 2018.
Of the all 24 life insurance companies, state-owned LIC witnessed a decline of nearly 30 per cent as premium income from new policies to Rs 10,778.81 crore in September as against Rs 15,302.99 crore in the same month previous year.
The issue received bids for 1,06,68,34,400 shares against the total size of 21,97,59,218 shares, as per NSE data.
At present, HDFC owns 61.41 percent stake in HDFC Standard Life and Standard Life has about 34.86 percent stake, while the remaining is with employees and PremjiInvest.
Management of the HDFC Standard Life and Max Financial Services will be submitting their first set of arguments this week with respect to concerns raised by IRDA with regards to the merger this week.
Their collective first year (or new business) premium during September 2015 stood at Rs 10,415.35 crore, data collected by the Insurance Regulatory and Development Authority showed.
According to News Corp VCCEdge, the September quarter witnessed 232 M&A deals worth USD 24,673 million, an increase of 242 percent as compared to USD 7,206 million in the year ago period.
Max Financial Services shares declined over 3 percent intraday Monday after a media report indicated that Goldman Sachs is looking to sell its stake in the company.
Private equity currently seems to be concentrated on the start-up sector, says Prashant Mehra, Partner, Grant Thornton, adding, even in this particular month 55 percent of USD 1.1 billion invested was in the start-up sector.
As per the deal, there would be two schemes of amalgamation. First, Max Life will merge into Max Financial and then the merged entity would amalgamate into HDFC Life.
Distributors of insurance products -- HDFC Bank, Axis Bank and Yes Bank - will contribute more to the combined entity's growth, said HDFC Chairman Deepak Parekh. The merger will bring together two companies with varied strengths, said Max Life‘s Executive Chairman Analjit Singh.
In a press conference today, management of Max Life and HDFC Standard said that shareholding will be decided by swap ratio and entire process is likely to take 10 months.
Mistry is very keen on the IPO of HDFC Standard Life. But he did not disclose any information on valuations.
Keki Mistry, the mortgage lender's VC and CEO, says the valuation of HDFC Standard Life will be high. Also, expect lending rates to go down by a few basis points.
India has immense potential as an insurance market. But it needs some serious support from the government if that potential is to be achieved, starting with more tax incentives for buying personal insurance policies. That's the crux of the insurance sector's wish list for Budget 2016.
Life Insurance Corporation posted claim settlement ratio of 97.73 per cent last fiscal, as compared to 97.42 per cent in 2011-12. For private insurers, the settlement ratio had gone down to 88.65 per cent in 2012-13, as compared to 89.34 per cent during the previous year, Irda said.