RBI Approval: LIC Granted Permission to 2% Increase Stake in HDFC Bank Worth Billions by the End of the Week

In a significant development for HDFC Bank, the Reserve Bank of India (RBI) has granted approval to Life Insurance Corporation of India (LIC) to increase its stake in the bank. This move has already impacted HDFC Bank’s share prices positively, with a 2% gain after the announcement. LIC, holding a 5.19% stake at the end … Read more