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SBI Life reports 11% rise in Q2 net profit

SBI Life has reported results for second quarter ended September 30, 2018.

The company has reported 11.11% rise in its net profit at Rs 250.53 crore for the quarter under review as compared to Rs 225.47 crore for the same quarter in the previous year. Total income of the company increased by 24.62% at Rs 9,638.27 crore for Q2FY19 as compared Rs 7,734.24 crore for the corresponding quarter previous year.

SBI Life is a joint venture between the State Bank of India and the French financial services heavyweight BNP Paribas Cardiff.

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