Is LIC being pushed to the brink? NPAs double to Rs 30,000 crore in 5 years

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Last Comment 2020-01-24

AyushiiiVijay

2020-01-23

https://www.businesstoday.in/sectors/banks/lic-...

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https://www.desidime.com/discussions/is-lic-being-pushed-to-the-brink-npas-double-to-rs-30-000-crore-in-5-years?page=1#post_6460418

still_guessing

2020-01-23

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sinking ship…stay away from LIC..

https://www.desidime.com/discussions/is-lic-being-pushed-to-the-brink-npas-double-to-rs-30-000-crore-in-5-years?page=1#post_6460455

desiman

2020-01-23

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what about IDBI Bank since LIC has stake in it rolleyes

https://www.desidime.com/discussions/is-lic-being-pushed-to-the-brink-npas-double-to-rs-30-000-crore-in-5-years?page=1#post_6460873

AyushiiiVijay

2020-01-23

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LIC bailed out IDBI..becoz of its higher NPA becoz of government….now in return they are facing repercussion

https://www.desidime.com/discussions/is-lic-being-pushed-to-the-brink-npas-double-to-rs-30-000-crore-in-5-years?page=1#post_6460918

guest_999

2020-01-23

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This is what happens & what will continue to happen as long as govt runs/control companies instead of focusing on its core job of governance.It is better to run 3 1st class agencies like TRAI,SEBI,IRADA than running 30 2nd & 3rd class banks & insurance companies.

https://www.desidime.com/discussions/is-lic-being-pushed-to-the-brink-npas-double-to-rs-30-000-crore-in-5-years?page=1#post_6461067

int86

2020-01-23

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Can same logic be applied for 2nd class railway journey. Should they be stopped.

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neo13

2020-01-23

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People easily say LIC can privatized and what not. But just go to any town and village, majority of them fear private bank FDs, then how would they even think of private insurance. LIC is a behemoth, instilled saving culture in India with endowment plans. Only solution for now is govt should keep away from LIC, SBI and other govt banks, give them more autonomy and improve risk management in banks. Then then can sell banks slowly, keeping one or two for socialist works. There’s a talk that govt is pushing for yet another interim dividend from RBI, unless they spur consumer spending and confidence, it’s difficult to bounce back.

https://www.desidime.com/discussions/is-lic-being-pushed-to-the-brink-npas-double-to-rs-30-000-crore-in-5-years?page=1#post_6461304

guest_999

2020-01-23

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People also feared computers will take away all the jobs when they were first introduced in India by Rajiv Gandhi in 1980s leading to public protests by opposition parties.It sounds ridiculous today but not at that time. Similarly 50 years from now this idea of behemoth PSUs will sound ridiculous too.

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singh.sourabh1234

2020-01-23

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Who’s fault is this?

https://www.desidime.com/discussions/is-lic-being-pushed-to-the-brink-npas-double-to-rs-30-000-crore-in-5-years?page=1#post_6461603

guest_999

2020-01-23

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Since it is a democracy(& not like Pakistan democracy where army always has the remote control) so fault is of public for selecting wrong govt/politicians.