Life Insurance Corporation of India
Insurers witness a bumper start
Top private players continued to grow in double digits.
LIC books profit in Sensex firms in Q4
In Punjab National Bank, not a Sensex stock, the LIC stake came down from 8.89 per cent to 7.34 per cent.
LIC grows 6 per cent, private insurers see 22 per cent rise
Private insurers hold one-third market, LIC wields two-thirds.
LIC top posts may stay vacant
Also, the largest life insurer has to look after recently bought IDBI Bank where LIC is the largest shareholder.
RBI categorises IDBI as private sector bank
LIC acquisition of majority stake prompts reclassification.
2 of 2