LIC reports NPAs worth Rs 30,000 crore in H1FY20; in same boat as YES Bank, Axis Bank and ICICI Bank: Report
As per the report, the reason behind LIC's NPA woes are similar to those of banks, namely corporate loan defaults.
Life Insurance Corporation of India (LIC) reported total gross non-performing assets (NPAs) at around Rs 30,000 crore as of September 2019.
The insurer's gross NPAs stood at 6.10 percent for the first six months of FY20 (April to September 2019), and have wi
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