MUMBAI: Confident about further growth in its mutual fund and securities market businesses, financial sector conglomerate Reliance Capital expects a turnaround in its life insurance business as well in 2015.
He said the 2014 has been very good for Reliance Capital in areas like and brokerage businesses, although growth was somewhat stagnant in the life insurance segment.
“I expect the growth trends to continue in the mutual fund and broking businesses, while life insurance should see an uptick. Besides, general insurance should also see faster growth in 2015,” Ghosh told PTI in an interview.
Speaking about the business outlook for 2015, Ghosh said there is “a lot of positivity around and the same should result in good growth in commercial finance, SME finance and other businesses as well”.
Ghosh also said Reliance Capital would continue with its ongoing policy of exiting from the day-to-day operations of non-core businesses and there could be more divestments of such assets in 2015.
However, it may not be complete exits from such ventures and the group would rather focus on exiting the management of such ventures while retaining some as financial investments, he added.