Chief executive Arijit Basu says SBI life has witnessed a remarkable growth this year.
SBI's announcement to offload up to 5 per cent stake in SBI Life to a non-promoter group might be construed as a test to see the market response.
Bhopal: In an attempt to boost its operation in Madhya Pradesh and Chhattisgarh, SBI Life Insurance Company Limited today opened its new regional office at MP Nagar Zone-2 here.
After inaugurating the office, SBI Life Insurance Managing Director and Chief Executive Officer Arijit Basu said, "SBI life has witnessed a remarkable growth this year and we are expanding our reach in MP and Chhattisgarh."
"Overall, SBI life has been performing very well, thereby consolidating and strengthening its market share and other performance parameters with a 50 per cent growth in our total new business over last financial year (last 11 months),"
he added.
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