Edelweiss Financial Services Q1 net profit rises 41%

New Delhi: Edelweiss Financial Services on Wednesday reported a 40.5% jump in its consolidated net profit at Rs196.3 crore for the first quarter ended June. The company’s net profit in the corresponding quarter of 2016-17 had stood at Rs139.68 crore. “Total income increased to Rs1,887.87 crore for the quarter ended June 2017 as against Rs 1,465.40 […]

Data insights can improve life insurance persistency

The elements of customer acquisition and customer retention matrices are different in life insurance business, as customer retention for a long period of 7 to 10 years is critical for earning a profit from customer life-time value. Customer retention in life insurance is measured in terms of persistency rate, or the percentage of policies renewed […]

Bajaj Finance plans to raise Rs4,500 crore via QIP

Mumbai: Bajaj Finance Ltd is planning to raise capital through a share sale to institutional investors in the next 2-3 months, said S. Sreenivasan, chief financial officer of the holding company Bajaj Finserv Ltd. The lender on Wednesday got board approval to raise Rs4,500 crore through a qualified institutional placement. Sreenivasan said the company would look […]