Currently, the government owns a 100% stake in LIC. According to the amendment, the central government will hold 75% in the LIC for the first five years after the IPO and then it will subsequently hold at least 51% at all times after five years of its listing. 'The management has reviewed the asset quality and performance of investments in respect of real estate, loans, investments, other fixed assets etc and adequate provision for impairment/diminution in value of investments/assets have been provided for wherever necessary,' the annual report said.Įarlier this year, the government amended the Life Insurance Corporation Act, 1956, to facilitate the listing of LIC. The corporation has made provisions to the tune of ₹37,341.6 crore, of which ₹34,934.97 crore is towards doubtful, sub-standard, and loss assets. LIC usually makes full provisions for all NPA in the debt book. Stress threshold for banks is different from that for insurers. In absolute terms, the NPA was ₹36,694.20 crore out of a total debt of ₹4,49,364.87 crore in 2019-20. Showing 218 Bank Owned Property listings of over 500,000 total commercial. This is lower than gross NPA of 8.17% (as a percentage of its debt portfolio) and net NPA of 0.79% in the previous year. If youre looking for a great portable building, you cant beat a Cotton State. > click the dropdown in the top left corner of the plugin and save the preset into your preset banks. The percentage of gross NPA is 7.78% while the net NPA is 0.05% at the end of March 2021. > open a blank instance of gross beat and drag the. The annual report stated that an amount of ₹34,934.97 crore is provided as per Insurance Regulatory and Development Authority of India (IRDAI) guidelines in the books of accounts towards non-performing assets.

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