Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 178)
178.
In a recent development, which bank has received approval from the Reserve Bank of India for the Life Insurance Corporation of India (LIC) to acquire up to 9.99% aggregate holding?
Answer: Option
Explanation:
The Reserve Bank of India has approved Life Insurance Corporation of India's acquisition of up to 9.99% stake in HDFC Bank, the nation's largest private sector bank. The approval, subject to various conditions, mandates LIC to complete the major shareholding purchase by January 24, 2025.
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