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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

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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 ...

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