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LIC gets RBI’s nod to raise stake in IndusInd Bank

10 Dec 2021 Evaluate

Reserve Bank of India (RBI) has allowed Life Insurance Corporation of India (LIC) to raise its stake in IndusInd Bank to 9.99 percent from 4.95 percent. RBI has granted its approval to Life Insurance Corporation on December 9, 2021.

IndusInd Bank is one of the fastest-growing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 692.10
ICICI Bank 1395.00
Axis Bank 1214.05
Kotak Mahindra Bank 430.10
Indusind Bank 835.00
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