LIC gets RBI approval for up to 9.99 pc stake in ICICI Bank

IANS | September 5, 2026 1:43 PM

New Delhi, Sep 5 (IANS) The Reserve Bank of India (RBI) has approved state-owned insurer Life Insurance Corporation of India (LIC) to acquire an aggregate holding of up to 9.99 per cent of the paid-up share capital or voting rights in ICICI Bank, the private lender said in a regulatory filing on Saturday.