NSE IPO can unlock Rs 12,000 crore for PSU insurers, boost solvency
The impending listing of the National Stock Exchange is poised to significantly bolster the financial health of three state-run general insurers. Their combined stake in the exchange, valued at approximately ₹11,500-12,000 crore, could improve their solvency ratios by nearly one percentage point, offering a substantial boost to their balance sheets.
After direct push, Jio BlackRock taps distributors to drive growth
Jio BlackRock Asset Management is shifting its sales strategy, embracing distributors less than a year after its launch. Initially bypassing intermediaries, the joint venture will now offer specialized investment funds through distributors, with plans to extend this to mutual fund schemes. This move aims to cater to a segment of the market requiring additional guidance […]