LIC Gets RBI Approval to Increase Stake in HDFC Bank

 LIC Gets RBI Approval to Increase Stake in HDFC Bank

Category: Banking / Financial Regulation / RBI

• RBI approved LIC to increase its aggregate holding in HDFC Bank up to 9.99%.
• LIC's existing stake was 4.11% as of 14 August 2026.
• Approval does not mean LIC immediately increases its holding to 9.99%.
• Any acquisition remains subject to:
  • Banking Regulation Act, 1949.
  • RBI directions.
  • FEMA.
  • SEBI regulations.
• HDFC Bank is India's largest private-sector bank according to the source.

Key Pointers:

• LIC → HDFC Bank.
• Maximum approved holding → 9.99%.
• Existing holding → 4.11%.
• Regulator granting approval → RBI.