News > RBI allows LIC to double its IndusInd Bank stake to 9.99%

RBI allows LIC to double its IndusInd Bank stake to 9.99%

The Tribune | 12/12/2021 09:00 AM | Click to read full article

The Reserve Bank of India (RBI) has permitted Life Insurance Corporation of India (LIC) to raise its stake inĀ IndusInd Bank. The state-run insurer currently holds 4.95% of the total issued and paid-up capital of the private sector bank.

The Hinduja Group-owned IndusInd Bank in a regulatory filing on stock exchanges said it received an intimation in this regard from the central bank on Thursday.