Five out of six debutants in the top 100 rankings are from the financial services sector.
FOR DECADES, commercial banks – representing the financial services industry – dominated the market cap game at the stock market. The journey started from public sector banks (PSBs) and later shifted to private banks. As a result, in the past decade, the market has seen wealth creators such as HDFC Ltd, HDFC Bank, Kotak Mahindra Bank and SBI emerge in the Top 10 league, rubbing shoulders with the likes of Reliance Industries, TCS, ITC and HUL. This feat was achieved in part because of more institutional investors reposing their faith in these companies. But this pecking order is set to change in the next decade as new financial services companies are debuting at Dalal Street.
In the past two years, the life insurance industry, which earns close to 2 lakh crore as annual premium, has made its debut with three listed players – HDFC Life, SBI Life and ICICI Pru Life. If state-owned LIC alone were to come up with an initial public offering (IPO), with assets under management of over 30 lakh crore, it would top the market valuation charts. Similarly, the general insurance industry, with annual premium income of 1.50 lakh crore, has opened its account in the market with ICICI Lombard and state-owned New India Assurance Company. The re-insurer GIC Re, too, had a successful debut. More recently, the market saw two asset management companies (AMCs), HDFC Asset Management and Reliance Nippon Life Asset Management, get listed. The micro finance institution turned full scale bank, Bandhan Bank, and small finance banks have made an entry in the stock market.
Esta historia es de la edición November 18, 2018 de Business Today.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 18, 2018 de Business Today.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Pension Scheme - Safety Net
The move to introduce the UPS has evoked mixed reactions. Analysts believe its funding will have limited impact on the fiscal math
The Reit Choice?
Real Estate Investment Trusts (Reits) Are Gaining Traction As Interest Rates Stabilise. But Returns Could Be Affected By Adverse Economic Conditions And Market Volatility
CORPORATE - Calling to Account
The sudden exit of Byju's auditor BDO marks the latest in a long series of setbacks for the edtech firm
EMPLOYMENT: Skills Push
The skill development ministry plans to partner with the UGC to improve the employability of undergraduates
Building on a Vision
L&T'S CHAIRMAN EMERITUS A. M. NAIK HAS BUILT A MAMMOTH ENTERPRISE THAT IS BUILDING A NEW INDIA, FROM ITS METRO RAIL SYSTEMS TO THE RAM TEMPLE
"KYS more important than KYC"
Vijay Kedia is a renowned equity investor; the value of his listed portfolio stands at around ₹1,750 crore
ROXX STAR
THE THAR ROXX COMBINES LUXURY WITH PERFORMANCE TO MAKE A STRONG STATEMENT IN THE MID-SIZE SUV SEGMENT
HIT THE GROUND RUNNING
Smartwatches have become indispensable tools for runners, offering real-time insights into pace, distance, heart rate, and more. Here are a few you can consider
TURNING THE TABLES
INDIA'S FURNITURE MARKET IS POISED FOR A GLOBAL TAKE-OFF. ALREADY, A HOST OF GLOBAL BRANDS HAVE MADE THE COUNTRY THEIR HOME, BUT INDIAN COMPANIES ARE NOT TOO FAR BEHIND
THE EVOLUTION OF ATHERA
IDENTIFYING OPPORTUNITIES IN ADVANCE HAS STOOD THIS BENGALURU-BASED VC FUND IN GOOD STEAD. NOW, WITH A HEIGHTENED FOCUS ON TECHNOLOGY, IT WANTS TO SUSTAIN THE SUCCESS