 "icici bank")
When subsidiaries contribute close to a fourth of the overall valuation, their performance assumes as much importance as that of the parent company. In that sense, the December quarter (Q3) was a mixed ICICI Bank’s subsidiaries — namely ICICI Lombard, ICICI Securities (I-Sec), and ICICI Prudential Life Insurance (I-Pru Life).
ICICI Lombard
Tepid participation from crop insurance products resulted in gross written premium (GWP) staying flat year-on-year (YoY) at Rs 3,770 crore in the third quarter. Even excluding crop insurance, GWP growth at 8 per cent lags industry growth of 13 per cent for the quarter. Much of
ICICI Lombard
Tepid participation from crop insurance products resulted in gross written premium (GWP) staying flat year-on-year (YoY) at Rs 3,770 crore in the third quarter. Even excluding crop insurance, GWP growth at 8 per cent lags industry growth of 13 per cent for the quarter. Much of
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