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Topic : LIC Going For Bank Licence
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LIC is not in a possition to maintain its basic insurance business in india,

Created by : divyendu ghosh, Sales manager, Aviva life insurance ltd  | 05 13 2010 13:31:40 +0000
Industry : InsuranceFunctional Area : Business Policy(Strategy & Execution)
Keywords : insurance lic of india
Activity:  301 views;  last activity : 07 06 2010 20:18:09 +0000

 


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if lic will b banking max. people will b against becoz bank will b running slow. it will take time to come in banking institution.many people will think over & over.
By panchali mukherjee, Freelancer, Freelancer  | 05 13 2010 18:19:54 +0000
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People even now prefer to bank with public sector basically due to the in built trust in the institutions developed over years. We should encourace Public sector to grow and not to kill these mighty institutions for some private institutions.
By suresh g d, Senior Manager, Union Bank of India  | 05 21 2010 14:19:59 +0000
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LIC is a concept, which is absolute in every manner, LIC was, is and always be become in position to maintain its basic business in INDIA, Only private sector have to face the panic.
By sanjay kumar, Cust. Service Manager, ICICI Bank  | 05 14 2010 16:09:15 +0000
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No absolutely not, they can manage both. LIC being one of the  leading insurance companies in the world can also be successful in banking. They are the one who have understood the needs of the people from various segments.

I agree they are using the public fund but at the same time they give surety for your money too. So why to worry, lets support then and make then successful in the banking field too........ :)   
By Archana Singh, Relationship Executive, ICICI Bank  | 05 14 2010 09:16:55 +0000
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LIC have public fund for longer time, but also its top level management is not capable to handle Banking business.

this will result, the public fund in wrong direction & heavy losses.

LIC has lost its fund in "Satyam" and others.

so it is not favorable, LIC will NOT perform in Banking service
By divyendu ghosh, Sales manager, Aviva life insurance ltd  | 05 13 2010 13:31:40 +0000
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