SBI General Insurance expects GST cut to hit profitability in near term

Amid slowdown in the general insurance industry, SBI General Insurance’s Managing Director (MD) & Chief Executive Officer (CEO) Naveen Chandra Jha spoke with Aathira Varier in a virtual meeting about the company’s strategies for maintaining growth. He also talked about plans for H2FY26, after implementation of the revised goods and services tax (GST) rates, among other issues. Edited excerpts:

 

How do you see the performance of the company so far in the first half of the financial year?

 

H1FY26 was very challenging for the industry because of the 1/N impact. Also, crop