Current Affairs - Banking - Discussion

9.99% is the maximum shareholding that the Life Insurance Corporation of India (LIC) is permitted to acquire in HDFC Bank following approval from the Reserve Bank of India on August 19, 2026. LIC’s holding was 4.11% as of August 14, 2026, and the RBI allowed it to increase its stake up to 9.99% of HDFC Bank’s paid-up share capital or voting rights. The acquisition must comply with RBI’s Master Directions on share acquisition in private banks and relevant SEBI regulations. The move is intended to strengthen LIC’s investment exposure to the financial services sector.