RBI Approves LIC To Increase Stake In HDFC Bank To 10%
· Business · LiveMint, Moneycontrol, Zee News
The Reserve Bank of India has granted approval to the Life Insurance Corporation of India to increase its shareholding in HDFC Bank to 9.99%. As of August 14, 2026, LIC held a 4.11% stake in the private lender. The regulatory clearance, issued on August 19, 2026, requires LIC to comply with the Banking Regulation Act and other relevant SEBI and FEMA guidelines. HDFC Bank recently reported a standalone net profit of ₹19,059.72 crore for the April-June quarter of FY27, representing a 4.98% year-on-year growth.
Why it matters
This approval allows a major institutional investor to significantly increase its influence in India's largest private sector lender, potentially impacting the bank's long-term ownership structure.
Read the original report — LiveMint
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