RBI approves LIC to raise stake in HDFC Bank to 9.99%
· thehindubusinessline.com
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.
The Reserve Bank of India has given Life Insurance Corp (LIC) approval to raise its stake in HDFC Bank to up to 9.99%, the private lende...