News From Press LIC’s bad loans rise with exposure to stressed firms

LIC’s bad loans rise with exposure to stressed firms

As of June, its gross non-performing assets (NPAs) stood at 6.4 per cent of its debt portfolio, up from about 3 per cent five years ago.

Business Line Aug 26, 2019

The exposure of insurance behemoth LIC to stressed firms such as DHFL, IL&FS, ADAG companies and YES Bank has not only meant downgraded investments, but also the need to make additional provisions. Its bad loans, too, have been on the rise.

Click here to read more>>

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Solving the KYC mess: 5 steps that SEBI has taken to make things easy

Investing in debt instruments? Learn how agencies give them credit ratings as Sebi releases master circular

SAIL, IRCTC among top 10 mid cap stocks that mutual funds bought in April

Aggressive hybrid mutual funds deliver up to 55% return in one year. Should you invest now?

Amfi stock classification: Multibaggers BHEL, NHPC, 5 more stocks to likely turn largecaps

HDFC Manufacturing Fund raises over Rs 9,500 crore

Retirement MFs: Equity allocation, flexible withdrawal options key benefits

Mutual funds take Rs 10,000 crore contra bet on sleeping giants Kotak, HDFC Bank

Individual investors' share in mutual fund AUM surges 44% in a year; equity schemes find more takers, shows AMFI data

Elections and Volatility: Should you opt for Equity Savings Fund amid market ups and downs?

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

How many seats will the BJP led NDA win in 2024 Lok Sabha election?

351 or above

276 to 350

201 to 275

200 or below

EVENTS FORUMS