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Yes Bank should’ve been overseen by a Resolution Authority, depositors shouldn’t have had to face moratorium. Now SBI or LIC shouldn’t be forced to buy it.
If done right, IPO can bring transparency & efficiency to LIC, ensure govt doesn’t force it to buy weak PSUs, and improve resource allocation in the economy.
Modi govt’s Budget identifies key reform areas, but a mere window dressing won’t get desired results. There is clear need for deep structural reforms.
In her Budget speech, Nirmala Sitharaman announced that part of the state-owned LIC will be offered to private investors as part of the government's disinvestment initiative.
The insurer issued a clarification in response to reports alleging the company was suffering heavy financial losses.
A selection of the best news reports, analysis and opinions published by ThePrint this week.
India’s largest life insurer LIC has assets of over Rs 31 lakh crore. But value of its investments in firms like New India Assurance, HAL & IDBI Bank has halved.
When Modi govt came to power, LIC’s cumulative investment in public sector was Rs 11.9 lakh crore. At the end of FY 2018-19, it jumped to Rs 22.6 lakh crore.
IDBI Bank has routed the request through the Department of Financial Services in the finance ministry.
Rescuing IL&FS, which has a total debt of $12.6 billion, is vital to stem the risk of default spreading to other lenders.
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