HDFC Life posts 14% rise in Sept quarter profit
Value of new business (VNB) margin expanded 20 basis points to 24.7% against 24.5% a year ago.
One basis point is a hundredth of a percentage point.
Value of new business grew 12% to ₹2,040 crore.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.