RBI approves LIC to raise stake in HDFC Bank to 9.99%
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The Reserve Bank of India has given Life Insurance Corporation of India permission to raise its holding in HDFC Bank to as much as 9.99%. LIC owned a 4.11% share in the private lender on August 14.
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RUPAK DE CHOWDHURI
The Reserve Bank of India has approved Life Insurance Corp (LIC) to increase its stake in HDFC Bank to as much as 9.99%, the private lender announced late Wednesday.
Key Takeaways
- RBI approved LIC to raise its HDFC Bank stake to as much as 9.99%, up from 4.11% held as of August 14.
- HDFC Bank disclosed the approval in a regulatory filing late Wednesday.
- The nod gives LIC flexibility to increase its holding in India’s largest private lender.
LIC held a 4.11% stake in the bank as of August 14, according to an exchange filing by HDFC Bank.
Published on August 20, 2026
