Hot Pursuit     05-Jan-21
IIFL Sec jumps after IRDA nod for insurance e-commerce activities
IIFL Securities jumped 4.17% to Rs 50 after the company said its insurance unit received the regulatory approval to undertake insurance e-commerce activities.

IIFL Insurance Brokers, a wholly-owned subsidiary of IIFL Securities, received permission from Insurance Regulatory Development Authority (IRDA) for undertaking insurance e-commerce activities (i.e. online sale and service of insurance policies) in India through Insurance Self Networking Platform (ISNP).

IIFL Securities along with its subsidiaries offers advisory and broking services, financial products distribution, institutional research and investment banking services.

The company's consolidated net profit jumped 104.9% to Rs 50.92 crore on 18% increase in total income to Rs 218.22 crore in Q2 September 2020 over Q2 September 2019.

Previous News
  IIFL Securities fixes record date for interim dividend
 ( Market Beat - Reports 18-Jan-23   09:35 )
  IIFL Securities fixes record date for interim dividend
 ( Market Beat - Reports 17-Jan-23   19:47 )
  IIFL Securities Ltd leads losers in 'B' group
 ( Hot Pursuit - 20-Jun-23   14:45 )
  IIFL Securities fixes record date for interim dividend
 ( Market Beat - Reports 07-Feb-20   18:39 )
  IIFL Securities revises record date for interim dividend
 ( Market Beat - Reports 08-Mar-21   09:55 )
  IIFL Securities allots 2.51 lakh equity shares under ESOS
 ( Corporate News - 22-Aug-24   20:05 )
  IIFL Securities consolidated net profit rises 132.39% in the December 2023 quarter
 ( Results - Announcements 22-Jan-24   17:57 )
  IIFL Securities slumps as SEBI bans onboarding new clients
 ( Hot Pursuit - 20-Jun-23   13:42 )
  Board of IIFL Securities approves change in corporate office
 ( Corporate News - 07-Feb-20   18:41 )
  IIFL Securities allots 3.75 lakh equity shares under ESOS
 ( Corporate News - 29-Nov-21   18:09 )
  Board of IIFL Securities recommends Interim Dividend
 ( Corporate News - 24-Jan-23   10:15 )
Other Stories
  Avantel Q2 PAT jumps 42% YoY to Rs 23 cr
  05-Oct-24   17:03
  Equitas SFB total deposits jump 29% YoY in Q2 FY25
  05-Oct-24   16:28
  Ujjivan SFB total deposits rises 17% in Q2 FY25
  05-Oct-24   15:34
  L&T Finance retail disbursements jump 12% YoY in Q2 FY25
  05-Oct-24   14:31
  Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore
  05-Oct-24   13:32
  Lupin's Pune-based biotech facility gets 5 observations from US FDA
  05-Oct-24   13:20
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
Back Top