LIC to Enter into Banking

[Bapun]

Sorry bro that's not true. U can ask any banker, now they are given targets of insurance policies. But gradually these targets will increase

Its true. That's why they ask/offer us to do insurance and loans when visiting or calling them. Earlier they used to do the same only for credit cards.

 

[Endgame]

Its true. That's why they ask/offer us to do insurance and loans when visiting or calling them. Earlier they used to do the same only for credit cards.

Yes, I faced that everytime I went to any bank branch since last 2-3 years. They insist to take their bi-products like mutual funds, PPF, insurance (all types). Sometimes they even call to sell their products.

 

[Siva]

Yes, I faced that everytime I went to any bank branch since last 2-3 years. They insist to take their bi-products like mutual funds, PPF, insurance (all types). Sometimes they even call to sell their products.

Not PPF, PPF doesn't give them any benefit as it's owned by GOI. In fact, if we go to open a PPF account in any bank, they will try to manipulate you into buying one of their own insurance policy or mutual fund!!

 

[Bapun]

IDBI Bank has sounded out to its new owner LIC seeking another tranche of up to Rs 12,000 crore to meet its huge provisioning requirements amid mounting losses.

LIC May Infuse Up To Rs 12,000 Crore In IDBI Bank