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2 clusters · 6 sources · 17 days · First seen · Last updated

LIC stake acquisition in Indian banks

Overview

The Reserve Bank of India (RBI) has granted the Life Insurance Corporation of India (LIC) approval to increase its holdings in major private sector banks.

In August 2026, the RBI authorized LIC to acquire up to 9.99% of HDFC Bank’s paid-up share capital or voting rights. Prior to this, LIC held a 4.11% stake in the lender.

Following this, in September 2026, the RBI issued formal approval for LIC to increase its stake in ICICI Bank. According to regulatory filings, the authorization was issued in a letter dated September 4, 2026, allowing LIC to acquire an aggregate holding of up to 9.99% of the lender’s paid-up share capital or voting rights. LIC currently holds a 4.35% stake in ICICI Bank. The approval is valid for one year, requiring the acquisition process to be completed by September 4, 2027, or the permission will be automatically cancelled. The transaction remains subject to various statutory and regulatory conditions.

Entities

Reserve Bank of India · Life Insurance Corporation of India · HDFC Bank · ICICI Bank

Timeline

  1. 6 days ago

    [BUSINESS] 6 sources
    LIC receives RBI approval to acquire up to 9.99% stake in ICICI Bank

    The Reserve Bank of India has approved LIC to increase its stake in ICICI Bank to a maximum of 9.99 per cent, provided the acquisition is completed within one year.

  2. 23 days ago

    [BUSINESS] 4 sources
    LIC to increase stake in HDFC Bank following RBI approval

    The Reserve Bank of India has approved LIC to increase its stake in HDFC Bank from 4.11% to a maximum of 9.99%.

Sources

hindi.news18.com · m.businesstoday.in · morungexpress.com · newsindialive.in · thefinancialworld.com · timesnownews.com

This summary has been updated 1 time: see revision history