You are here: Home » Markets ยป Features
Business Standard

LIC IPO: An idea whose time has not come

More than the regulatory changes the government will have to overcome, it will need to consider LIC's returns and valuation

N Sundaresha Subramanian  |  New Delhi 

It was a monsoon morning two years ago. The new finance minister Arun Jaitley, less than a month in North Block, was in Mumbai. He met top bankers and chiefs of big funds, and insurers.

The incumbent RBI governor, Urjit Patel, who was then the deputy governor, was also in attendance. A few days later, the media started reporting various ideas that came during this brainstorming session of the crème de la crème of India’s financial capital. One of these was the listing of Life insurance Corporation of India (LIC). On June 12, 2014, Business Standard carried an ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, September 02 2016. 11:58 IST