RBI has approved LIC to raise its stake in HDFC Bank to 9.99% from 4.11%, giving India’s largest insurer scope to increase its holding in the lender.
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Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in…
RBI approves LIC's increase in HDFC Bank stake from 4.11% to 9.99% amid stock performance concerns.
HDFC Bank shares rise 2% after RBI approves LIC's stake increase, recovering from a recent 52-week low.
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