Development · 21 Aug 2026
2 publishers have reported this development. Each act of reporting is below, cited.
Life Insurance Corporation of India (LIC) received approval from the Reserve Bank of India to increase its stake in HDFC Bank from 4.11% to up to 9.99%.
The Reserve Bank of India approved Life Insurance Corporation of India to acquire an aggregate stake of up to 9.99% in HDFC Bank's paid-up share capital or voting rights.
The Reserve Bank of India approved Life Insurance Corporation of India to increase its stake in HDFC Bank from 4.11% to up to 9.99% of paid-up share capital or voting rights.
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