Wednesday, March 17, 2010

LIC-It can be the Strategic Move?
I read a news before few days that LIC looking for bank license, I were really happy after reading this because it will provide lot of benefit and choice to the consumers and competition to the market means services will increase. Many people can argue on that, why LIC in coming in banking business? My answer is many bank come in the insurance business so why LIC not in banking business. LIC is the company that has very hard trust in the market and very good % share in the banking sector like in corporation bank 26%. So when LIC will come in banking field that time new time will start for banking sector LIC will hold market and it will reach to rural India, so country will more grow and new opportunities will come.

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