Business Standard

How long will strong PSUs absorb non-performing companies, asks Kerala FM

He also wondered what Sidbi doing in IL&FS, given that its mandate is to service small enterprises. Instead it has been dabbling in other areas

Kerala Finance Minister Thomas Isaac. Photo: Wikimedia Commons
Premium

Kerala Finance Minister Thomas Isaac. Photo: Wikimedia Commons

T E Narasimhan Chennai
At a time when the Life Insurance Corporation of India (LIC) and Small Industries Development Bank of India (Sidbi) are trying to back Infrastructure Leasing & Financial Services (IL&FS), Kerala Finance Minister Thomas Isaac wondered how long LIC and other PSUs, which are dealing public money, can take over non-performing corporates.

The communist leader and a senior minister in the Kerala Cabinet has been vocal in criticising the Centre, especially in matters related to GST and Ayushman Bharat. 

In his twitter account, the Minister quoted LIC Chairman V K Sharma as saying, "We will do our best to see that,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 27 2018 | 7:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com