The bank said that this renewed term of two years is within the five years term as previously approved by the shareholders.
FY22 earnings reflect a strong comeback by ICICI Bank
The bank to eye opportunities in terms of buyout of portfolio and assets, says Sandeep Batra.
Batra is currently serving as President at ICICI Bank.
ICICI Prudential Life Insurance today reported 3.3 percent rise in net profit to Rs 450 crore for the December quarter of the current fiscal.
Enhanced savings limits will encourage financial savings. Rationalisation of taxation of annuities will help in managing post retirement income.
Pidilite Industries reported a 27.88 percent increase in consolidated net profit at Rs 124.36 crore for the third quarter ended December 31, 2014.
Term insurance is the simplest form of life insurance. In this type of a plan the policyholder pays premiums and in return the life insurance company pays a pre-defined amount of money to the nominee in case of the demise of the policyholder during the tenure of the policy.
The standalone business growth was led by growth in consumer and bazaar segment, said Sandeep Batra of Pidilite Industries.
Pidilite Industries Q3 consolidated net profit stood at Rs 97.2 crore and consolidated net sales were at Rs 1,062 crore on a year-on-year basis.