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Poland's current account surplus hit EUR 938 million after March 2021, against a surplus of EUR 1.59 billion recorded after February, according to National Bank of Poland figures released on Friday. ....
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Business March 15, 2021 Asked if interest rates might change, Glapinski said that this probability was currently close to nil, but assured that the central bank was ready to react in case of inflation or deflation risks. Leszek Szymański/PAP Adam Glapinski, the president of the National Bank of Poland told the “Sieci” weekly that he will be seeking re-election to the post. In an interview published on Monday, he also stated that NBP intends to increase Poland s 229-tonne gold reserves by another 100 tonnes in the coming years. Asked if interest rates might change, Glapinski said that this probability was currently close to nil, but assured that the central bank was ready to react in case of inflation or deflation risks. ....
Shares of SBI Life Insurance gained 4 per cent to hit a 52-week high of Rs 965 on the BSE in intra-day trade on Tuesday after reporting impressive growth (more than 60 per cent) in new business premiums (NBP) in the month of February. NBP is the premium acquired from new policies for a particular year. The stock surpassed its previous high of Rs 954.65, touched on January 8, 2021. It hit a record high of Rs 1,030 on October 30, 2019. February 2021 saw life insurers recording impressive 21 per cent growth in NBP to Rs 22,425 crore, compared with Rs 18,533 crore in the same period, a year ago. Life Insurance Corporation of India (LIC) recorded 24 per cent growth in NBP to Rs 12,921 crore, compared with Rs 10,405 crore. Private insurers, on the other hand, saw their NBP growing 16 per cent in February to Rs 9,505 crore, compared with Rs 8,129 crore YoY. ....
After tepid growth in January, following two months of consecutive decline, February saw life insurers, 24 in total, recording impressive 21 per cent growth in new business premiums (NBP) to Rs 22,425.21 crore, compared with Rs 18,533.19 crore in the same period, a year ago. Interestingly, the state-owned insurance behemoth Life Insurance Corporation (LIC) has recorded 24 per cent growth in NBP to Rs 12,920.57 crore, compared with Rs 10,404.68 crore, in a departure from the trend seen in other months when LIC’s NBP shrank. In January, LIC’s NBP declined 2 per cent year-on-year (YoY), while in December it contracted by 15 per cent YoY. November saw LIC’s NBP declining by more than 35 per cent. ....