There are percentages and absolutes. 80k cr investment seems a lot but in the context of the 41 lakh crore portfolio of LIC this is miniscule.
In the par policies losses are passed on to policyholder while lic keeps 10%
I have made recent investments in both LIC
Everything about adani mentioned in the report was already known and so was LICs holding so this should not have come as a surprise
However, the public sector banks have given loans to it.
As far as we know the Indian banking sector has only lent to secured operational assets of Adani and working capital
The foreign banks are the ones that have supplied adani with a huge amount of loan against shares in dollars
According to CLSA Indian banks have financed 30% of Adanis net debt and that translates to 0.7% of public sector adavances and 0.3% of private advances
All this was already know. As long term investors we should not let price influence or judgement of the fundamentals of a stock
Note: not invested in adani or PSU banks and have no plans of every doing that
Have a position in lic and not worried about the recent news
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