India’s top insurance firm has $4bn in bad loans

India’s top insurance firm has $4bn in bad loans

Asia Times - India·2020-01-23 16:09

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India’s largest insurance company is now saddled with a chronic bad debt problem. In the last five years the non-performing assets of state-owned Life Insurance Corporation (LIC) has doubled to 300 billion rupees (US$4.22 billion).

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