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SBI General Insurance on Thursday reported a 30.4 per cent rise in net profit at Rs 240 crore for the financial year ended March 2024.
The non-life subsidiary of State Bank of India had recorded a net profit of Rs 184 crore in the previous financial year. The company also demonstrated strong growth in overall business clocking a Gross Written Premium (GWP) of Rs 12,731 crore, registering a growth of 17 per cent over the previous year, SBI General Insurance said in a statement.
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