LIC in the preparation for its IPO has improved the quality of its non-performing assets from the last financial year. Out of a total portfolio of ₹4,51,303.30 crore, LIC had NPAs of ₹35,129,89 crore. In order to improve the quality of the asset quality, LIC has lowered its non-performing assets by 0.05%.
The Life Insurance Corporation (LIC) in the run-up of its proposed Initial Public Offering (IPO) is making all the necessary changes and has recently asked its users to update their PAN details with their policies.
LIC is aiming for its IPO and once the financial value of the organisation is finalized, the investment bank is planning to file the draft IPO prospectus to the Securities and Exchange Board of India (SEBI) with all the necessary markets regulator.
