Writing crop business does not make economic sense right now, says ICICI Lombard CEO

The crop insurance business is not making business sense for the largest private sector general insurer ICICI Lombard General Insurance. In the post results earnings call, Bhargav Dasgupta, MD and CEO, ICICI Lombard General Insurance, said that they have not been able to write any new crop business in H1FY20 due to the prevailing rates. “On the […]

Banking shares gain; ICICI Bank up 3%

Banking shares are trading higher on expectation that the Reserve Bank of India (RBI) may soon announce a reduction in key policy rate. The central bank’s  monetary policy review is scheduled for April 5, 2016. The US Federal Reserve kept its key interest rates unchanged on Wednesday, and downgraded its forecast for number of rate […]