Financing ·
The Reserve Bank of India approved Life Insurance Corporation of India to increase its stake in HDFC Bank Limited from…
HDBHdfc Bank Ltd
The Reserve Bank of India approved Life Insurance Corporation of India to increase its stake in HDFC Bank Limited from 4.11% to a maximum of 9.99%. This regulatory clearance allows LIC to acquire additional voting rights and share capital, subject to compliance with banking regulations and foreign exchange laws. The approval is based on an application submitted by LIC. HDFC Bank operates as a leading private sector bank in India.