The Reserve Bank of India (RBI) has permitted insurance giant LIC to acquire up to 9.99% stake in leading private lender HDFC Bank. LIC currently holds 5.19% shares in HDFC Bank valued at nearly ₹50,000 crore as of December 31, 2022. RBI has directed LIC to increase its stake to the approved ceiling within one […]

The post LIC Allowed To Own 9.99% Stake In HDFC Bank; Current Shares Worth Rs 49,000 Crore! appeared first on Trak.in - Indian Business of Tech, Mobile & Startups.