News From Press Is IDBI Bank a good buy for LIC, or will it put pressure on the insurer's earnings?

Is IDBI Bank a good buy for LIC, or will it put pressure on the insurer's earnings?

Source : Moneycontrol Jul 7, 2018

At the end of the fourth quarter of FY18, the gross non-performing assets (of debt portfolio) of Life Insurance Corporation of India (LIC) rose to 6.23 percent compared to 4.73 percent a year ago. In its investment assets, the provisions for doubtful debt stood at Rs 20,513 crore, a sharp increase from Rs 14,084.90 crore last year.

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