RBI grants approval to LIC to up stake in IndusInd Bank to nearly 10 pc

The bank has received an intimation from the RBI on December 9, 2021, that it has granted its approval to Life Insurance Corporation (LIC), shareholder of the bank to acquire up to 9.99 per cent of the total issued and paid up capital of the bank, the bank said in a regulatory filing on stock exchanges.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ycT7ku