News From Press Don’t blame LIC; disinvestment stumbling is the problem

Don’t blame LIC; disinvestment stumbling is the problem

Source: Economic Times Jul 21, 2018

The consensus about Life Insurance Corporation of India’s proposed investment in beleaguered IDBI Bank is that it is a bad, very bad idea.

Stock market pundits, banking and insurance experts, economists and the media have uniformly dubbed it a retrograde move, one that is bound to fail given the insurmountable problems at IDBI and LIC’s lack of expertise in turning around failing banks.

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