How one forgets one’s credo written in stone! One of them has been- never invest in a public sector bank or even company.
The LICs or PNBs seem to lurch from scam to scam. Why do LIC, SBI continue to invest in Adani group, Opposition asks – The Hindu
I think LIC is done. What about the Public Sector Banks? LIC is invested in the Adani Group. However, the public sector banks have given loans to it. So, I feel both are on a different footing.
Disclaimer: I have made recent investments in both LIC as well as the PSU banks including Canara, BOB, Central Bank.
Name of Power Finance Corporation has not cropped up, but it may well have invested in Adani Power. I have that too.
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