The company's consolidated total income rose to Rs 26,023 crores in Q2FY24 from Rs 23,280 crore in Q1FY24 and compared to Rs. 20,803 crores posted in Q2FY23
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The bank disclosed in a regulatory filing that its total income for the September quarter surged to Rs 1,580 crore
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The decision was prompted by Irdai's recognition that policyholders often struggle to comprehend the terms and conditions in insurance contracts due to complex language
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During the fiscal year 2022-23, ManipalCigna reported a gross written premium (GWP) of Rs 500 crore, marking impressive 37 per cent growth across the southern market
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This marks a significant growth compared to the Rs 1,848 crore net profit recorded during the same quarter in the previous year
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Profit After Tax for the period grows by 46 per cent year on year to Rs 93.9 crore
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Profit After Tax or Net Profit for Q2 FY24 grows by 39.3 per cent to Rs 468 crore; H1 FY24 grows by 18.2 per cent to Rs 883 crore
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A notable achievement was the improvement in IOB's gross non-performing asset (NPA) ratio, which declined to 4.74 per cent in the second quarter of this fiscal year
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