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Budget 2014-15 Chidu fiddles as bad loans burn banks

Feb 17, 2014

Budget 2014-15 Chidu fiddles as bad loans burn banks

P Chidambaram has blithely ignored the full-blown banking crisis where Rs 10 lakh crore of stressed assets are building up. #P. Chidambaram #Life Insurance Corporation #ConnectTheDots #Kotak Mahindra Bank #Uday Kotak #bad loans #Vote on account
Can you afford to ignore LIC Housing's New Fixed 10 home loan?

Sep 06, 2013

Can you afford to ignore LIC Housing's New Fixed 10 home loan?

The interest rate of the New Fixed 10 home loan is 11.50 percent for ten years, while other lenders in the market are offering fixed rate loans in the range of 11.25 percent to 13.75 percent. But the question here is. #Investing #Life Insurance Corporation #LIC #Home Loans #prepayment fee #women's banking #financial sector in India
LIC loses Rs 3,000 cr to salvage disinvestment of PSUs

Sep 01, 2013

LIC loses Rs 3,000 cr to salvage disinvestment of PSUs

(LIC) has purchased shares of PSUs worth about Rs 16,372 crore in the disinvestment programme through the Offer for Sale (OFS). #HowThisWorks #NTPC #ONGC #Life Insurance Corporation of India #PSU Disinvestment #Public Service Undertaking
Cobrapost alleges LIC, SBI, Canara Bank facilitated money laundering

May 06, 2013

Cobrapost alleges LIC, SBI, Canara Bank facilitated money laundering

Aniruddha Bahal in the latest Cobrapost expose accused 23 private and public financial institutions of aiding money laundering. #Life Insurance Corporation #State Bank of India #Yes Bank #ListsEtc #Punjab National Bank #Cobrapost #Aniruddha Bahal #CobraPost bank expose
Irda: Insurers allowed to buy up to 15% stake in cos

Feb 08, 2013

Irda: Insurers allowed to buy up to 15% stake in cos

It is believed that the move was aimed at helping the disinvestment programme of the government. #Disinvestment #Life Insurance Corporation #NewsTracker #Irda
Govt acts tough with rich PSU, asks to invest more

Jun 18, 2012

Govt acts tough with rich PSU, asks to invest more

Many PSUs have been asked to invest their spare cash or park a portion those funds with the government. #ThatsJustWrong #Life Insurance Corporation #coal india #ONGC #Public-sector undertaking #ChartView
Insurance employees demand merger of four PSU insurers

Jun 16, 2012

Insurance employees demand merger of four PSU insurers

Employees of public insurance companies such as National Insurance, Oriental Insurance, New India Assurance and United India Insurance want the four companies to merge into one to reduce competition. #WhyNow #Life Insurance Corporation #Insurance
LIC still wants a bigger slice of the pie

Jun 11, 2012

LIC still wants a bigger slice of the pie

The PSU wants higher equity headroom to cash in on trading opportunities and book profits. #WhyNow #Oil and Natural Gas Corporation #ChartView #LIC #Life Insurance Corporation of India
Pipavav Defence zooms as LIC buys 2 cr shares for Rs 171 cr

May 03, 2012

Pipavav Defence zooms as LIC buys 2 cr shares for Rs 171 cr

According to the bulk deal data of stock exchanges, country's largest life insurer LIC bought 2.15 crore shares of Pipavav at Rs 79.50 apiece, valuing the the deal at Rs 171.21 crore. #Life Insurance Corporation #StockWatch #Pipavav Shipyard Limited #Offshore Engineering Company
Par Panel asks IRDA to probe LIC's purchase of ONGC shares

Apr 24, 2012

Par Panel asks IRDA to probe LIC's purchase of ONGC shares

The Standing Committee on Finance also regretted that the government is using public sector undertakings (PSUs) as "milching cows" to bridge the deficit. #Business/Finance #BSE Sensex #NewsTracker #Public-sector undertaking #Life Insurance Corporation of India