SBI Life

SBI Life’s costs rose on the GST exemption, higher employee expenses and reinsurance costs, even as profit grew 22%. A large group protection deal boosted growth but weighed on margins, while Ulips lost share to traditional products.

Life insurance stocks showed slight gains on May 11, with SBI Life and ICICI Prudential leading the way. The sector experienced robust growth in FY27, particularly SBI Life with an 80% increase in new business premiums and LIC with a 38% rise.

Paisalo Digital's board will meet on May 10, 2026, to approve Q4 FY26 financial results and consider a final dividend. The company is transitioning to an AI-powered lending platform, aiming to double AUM, revenue, and profitability within three years.

SBI Life Insurance reported a 1% decline in net profit for Q4 FY26, totaling ₹804 crore, down from ₹814 crore last year. Net premium income increased by 16% year-on-year to ₹27,684 crore.

Paisalo Digital, a non-banking financial company, raised USD 15 million through an ECB transaction. This funding aims to support lending growth, especially for MSMEs, while enhancing the company's liability structure and reflecting lender trust in its operational strategy.

In an exchange filing dated March 6, Paisalo Digital said that the operations and finance committee of the board of directors will meet on March 11 to raise funds through non-convertible debentures in a private placement.

Paisalo Digital, backed by SBI Life, secured ₹30 crore from 600 commercial papers. Each commercial paper was issued at a discounted price of ₹4.86 lakh, and the company will repay the full-face value of ₹5 lakh at maturity.

SBI Life Insurance shares rose 1.5% following the announcement of an interim dividend of ₹2.7 per share for FY26. The record date for eligible shareholders is March 6, with payout expected by March 27, 2026.

Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — Bajaj Finance, SBI Life Insurance, and Eicher Motors