Life Insurance Corp of India raises 2018-19 provisioning by 30%

Move after review of asset quality and performance of investments in real estate, loans and other assets. The country’s biggest life insurer has exposure to stressed entities such as Dewan Housing Finance Corp Ltd, Infrastructure Leasing and Financial Services and the Anil Ambani-led Reliance Group among others.

from Banking/Finance-Industry-Economic Times https://ift.tt/2F5jiyU