Feb 26, 2020 09:26 AM IST
While net NPA stayed constant at 0.36 percent, the insurer has provided for doubtful debts
- Feb 18, 2020 02:53 PM IST
IRDAI will not make it mandatory but will nudge insurers above a certain size to list on the stock exchanges
- Feb 17, 2020 03:57 PM IST
The statement came after some reports suggested that insurance behemoth LIC might expedite the process of merging LICHFL with its banking arm IDBI Bank.
- Feb 15, 2020 05:15 PM IST
The proposed listing will help the government in achieving its disinvestment target of Rs 2.1 lakh crore for 2020-21.
- Feb 14, 2020 08:40 AM IST
Apart from IDBI Bank and LIC Housing Finance, the insurer holds more than 15 percent stake in firms like TCM, Gloster and ITC which it may have to bring down prior to its listing
- Feb 11, 2020 02:21 PM IST
The premiums for term insurance products may go up by 15-20 percent from April 1 onwards as reinsurance rates have been revised for these policies. LIC customers, however, may see a lower hike.
- Feb 10, 2020 03:57 PM IST
LIC's investments in equities have been just 54.5 percent of its fiscal target. But it has achieved 94 percent of the target (as of January 31) as far as equity profits are concerned
- Feb 07, 2020 07:45 PM IST
LIC chairman M R Kumar said that the second of FY21 timeline for IPO is 'possible'; on IDBI Bank says that may not wait for completion of 12-year period given by RBI to reduce stake to 15%.
- Feb 07, 2020 09:21 AM IST
Proposed listing of LIC is a positive and welcome move
- Feb 06, 2020 10:55 AM IST
The government is widely expected to sell no more than a 10 percent stake in LIC, and the IPO might take place in the second half of FY21.
- Feb 04, 2020 02:43 PM IST
LIC employees are opposing the stake sale of the government, saying that the money will go in the hands of crony capitalists
- Feb 04, 2020 12:17 PM IST
In the Union Budget announced on Saturday, Finance Minister Nirmala Sitharaman announced that the government, which holds 100 per cent stake in LIC, will sell a part of its holding through an initial public offering (IPO).
- Feb 04, 2020 08:35 AM IST
The LIC is profitable despite fierce competition from very large insurance companies of the world with deep pockets and it has also increased its first premium share last year by about five per cent, he said.
- Feb 03, 2020 09:58 PM IST
She said when the government puts money infrastructure, it has cascading effect and give rise to economic activity.
- Feb 03, 2020 08:24 AM IST
"We have only said an IPO. We have not given complete ownership to somebody," FM Sitharaman said.
- Feb 02, 2020 12:45 PM IST
FM Sitharaman while presenting the Budget 2020-21 on February 1 announced stake sale in LIC through an IPO in the next fiscal
- Feb 01, 2020 07:42 PM IST
While there was no specific amount allotted for public sector banks (PSBs) in the Union Budget 2020-21, the government said that it will undertake recapitalization as and when needed. PSBs will also be encouraged to approach capital markets to raise additional funds.
- Feb 01, 2020 07:20 PM IST
The company, in terms of market capitalisation (m-cap), will be the largest that has ever made the entry into the primary market.
- Feb 01, 2020 03:45 PM IST
Finance Minister Nirmala Sitharaman said the Life Insurance Corporation of India (LIC) will be listed as part of the government disinvestment initiative.
- Feb 01, 2020 01:09 PM IST
The government proposes to sell a part of its holding in LIC through initial public offer, she said while unveiling Budget 2020-21.
- Jan 27, 2020 11:03 AM IST
Government should stop treating the insurance corporation as a war chest
- Jan 24, 2020 02:02 PM IST
DHFL recently became the first non-banking finance company (NBFC) to be taken to the bankruptcy court.
- Jan 21, 2020 10:35 PM IST
As per the report, the reason behind LIC's NPA woes are similar to those of banks, namely corporate loan defaults.
- Jan 15, 2020 06:08 PM IST
Data from the LIC Annual Report 2018-19 released last week showed that the income from investments stood at Rs 2,21,573.72 crore at the end of FY19.
- Jan 07, 2020 10:11 PM IST
This is the first time ever any single vertical of the insurer has crossed this record premium income figure, LIC said in a statement.