A customer uses an automated teller machine (ATM) at a State Bank of India Ltd. (SBI) branch at night in Bengaluru, India. (Photographer: Karen Dias/Bloomberg)
The insurance arm of India’s largest lender saw its new business premium grow more than its private listed peers in the first six months of the ongoing fiscal.Brokerages expect SBI Life Insurance Co. Ltd. to sustain its performance as it diversifies into newer segments and leverages its bancassurance channel with State Bank of India, among other factors.Shares of SBI Life rose nearly 61 percent in the past 12 months as investors bet ...