• SENSEX
    NIFTY 50
Finance

The government needs a bigger lifeboat than LIC to rescue IDBI Bank

Updated : June 28, 2018 07:26 AM IST

Apart from the basic flaw in treating the LIC as a piggybank, the idea has wider repercussions of spreading the contagion of NPAs into the largest life insurance company.
This is dealing with insurance cover and life savings aggregating to a one-time full risk equity infusion of Rs 1 lakh crore obtained from the majority of Indians.
Instead of seeking the fund infusion only from LIC, the government should consider the option of government guaranteed tax-free bonds that are subscribed by entities across the spectrum of profitable PSUs.
The government needs a bigger lifeboat than LIC to rescue IDBI Bank
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV