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Insurance LIC brushes aside RBI worries on investment in PSU banks

LIC brushes aside RBI worries on investment in PSU banks

Life Insurance Corporation of India (LIC), the largest domestic investor with annual investments of over Rs 50,000 crore in the stock market, has brushed aside the concerns raised by the Reserve Bank of India on the insurer’s high equity investments in public sector banks, saying it has the permission from the insurance regulator to hold up to 15 per cent stake in any company.

Source: The Indian Express Jun 11, 2015

Life Insurance Corporation of India (LIC), the largest domestic investor with annual investments of over Rs 50,000 crore in the stock market, has brushed aside the concerns raised by the Reserve Bank of India on the insurer’s high equity investments in public sector banks, saying it has the permission from the insurance regulator to hold up to 15 per cent stake in any company.

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