India's SBI Life posts quarterly profit rise on higher premium income
India's SBI Life posts quarterly profit rise on higher premium income BENGALURU, July 24 (Reuters) - India's SBI Life Insurance SBIL.NS reported a 22% rise in first-quarter profit on Friday, helped by growth in premium income.
The insurer's net profit rose to 7.25 billion rupees ($75.11 million) for the quarter ended June 30, from 5.94 billion rupees a year earlier.
($1 = 96.5300 Indian rupees)
(Reporting by Nishit Navin; Editing by Eileen Soreng)
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