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LIC: LIC cleans books of bad loans as it gets IPO-ready


Synopsis
LIC’s IPO is expected to be the biggest in India with many analysts expecting a share sale in excess of Rs 1 lakh crore. Besides its sheer size, the corporation is seen as valuable given its share of new business and high persistency among its policyholders.
Agencies
According to sources, the corporation has fully provided for these loans and the sale would improve the quality of its portfolio.
(This story originally appeared in
on Jul 09, 2021)Mumbai: The Life Insurance Corporation of India (LIC) is cleaning up its books ahead of its initial public offering (IPO) later this year. The corporation, which brought down its net non-performing assets to 0.05% as of March 2021 from 0.79% as of March 2020, is now selling its fully provided NPAs. ....

Life Insurance Corporation Of India , Jaiprakash Associates , Life Insurance Corporation , Reliance Capital , Amtek Auto , வாழ்க்கை காப்பீடு நிறுவனம் ஆஃப் இந்தியா , ஜெய்பிரகாஷ் கூட்டாளிகள் , வாழ்க்கை காப்பீடு நிறுவனம் , நம்பகத்தன்மை மூலதனம் , அம்டெக் ஆட்டோ ,