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New Delhi, Oct 27 (PTI) Canara HSBC Life Insurance Company on Monday reported an 11 per cent rise in net profit to Rs 41 crore in the September quarter of the current fiscal.
The insurer had recorded a net profit of Rs 37 crore in the year-ago quarter.
This is the first quarterly numbers after the listing of the insurance company on the bourses on October 17.
The total income of the insurance firm promoted by Canara Bank came down to Rs 2,349 crore during the quarter under review, compared to Rs 3,335 crore a year ago, Canara HSBC Life Insurance Company said in a regulatory filing.
The company collected a net premium of Rs 2,260 crore in the July-September period, up from Rs 1,829 crore in the year-ago period.
The solvency ratio of the insurance company also m

News 18 India

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