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lic may get irdai breather on 15% investment cap in public sector banks

lic may get irdai breather on 15% investment cap in public sector banks Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



lic may get irdai breather on 15% investment cap in public sector banks

insurance sector regulator is open to allow life insurance corporation of india (lic) to increase its stake beyond the 15 per cent ceiling in public sector banks (psbs). the move is to give a boost to the government's recapitalization plan, an initiative to help banks tackle bad loan woes and revive growth.the insurance regulatory and development authority of india (irdai) has a 15 per cent equity shareholding in single stocks. currently, lic's holding in a dozen psbs is between 10 per cent an...