State Bank of India’s (SBI) subsidiary -- SBI General Insurance is expecting to increase its market share among the private sector non-life players to 8.5 percent by March, driven by the momentum in the health and motor portfolios. The optimism comes from a growth rate of 25 percent it has clocked in the first five months of the year as against the industry growth rate of 5 percent, and the uptick in the motor business, which is its single-largest business portfolio. In the June quarter, the company's AUM clipped at 21 percent to Rs 7,725 crore and had a 7.3 percent market share among the private players.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
