Shareholding19 Aug 2026, 11:00 pm
RBI Approves LIC's 9.99% Stake in HDFC Bank
AI Summary
HDFC Bank announced that the Reserve Bank of India (RBI) has approved Life Insurance Corporation of India (LIC) to acquire up to 9.99% of the bank's paid-up share capital. As of August 14, 2026, LIC held 4.11% of HDFC Bank's total share capital. This approval is subject to various regulatory compliances, including provisions of the Banking Regulation Act, 1949, and FEMA, 1999.
Key Highlights
- RBI approves LIC's stake acquisition in HDFC Bank.
- LIC can hold up to 9.99% of HDFC Bank's share capital.
- LIC currently holds 4.11% of HDFC Bank's shares.
- Approval is subject to regulatory compliance conditions.
Price Impact
More from HDFCBANK