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LIC defends decision to buy DHFL bonds

LIC defends decision to buy DHFL bonds

Tuesday, March 14, 2017, 1:36 PM

LIC's Rs 1,500 crore direct investment in DHFL securities satisfies “all prudential norms and are in conformity with IRDAI guidelines“, said the life insurer while responding to an ET story that LIC's decision to invest in DHFL bonds was a “raw deal" as the institution accepted a return that was way below the yields on other DHFL papers that were traded in the market.
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