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LIC to get bankers on board for managing lending operations

LIC to get bankers on board for managing lending operations

Saturday, April 15, 2017, 1:17 PM

Insurance behemoth LIC will soon obtain services of retired bankers to strengthen its lending operations and ensure that non-performing assets (NPAs) are kept at the minimum. LIC has set up a cell for its lending, NPA resolution and one time settlement (OTS), people familiar with the matter said, adding that the company will soon get experts, particularly bankers, to this portfolio.
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