LIC gets RBI nod to buy 9.99% stake in HDFC Bank:

LIC gets RBI nod to buy 9.99% stake in HDFC Bank:

Daily Current Affairs   /   LIC gets RBI nod to buy 9.99% stake in HDFC Bank:

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Category : Business and economics Published on: January 29 2024

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  • HDFC Bank announced that the Reserve Bank of India (RBI) has granted approval for the Life Insurance Corp. of India (LIC) to acquire an additional 4.8% stake in the country’s largest private sector lender. 
  • LIC currently holds a 5.19% stake in HDFC Bank.
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