RBI approves to increase LIC’s stake in Kotak Mahindra Bank to 9.99% from 4.96%
- The Reserve Bank of India (RBI) has given its approval to Life Insurance Corporation (LIC) to raise its stake in private lender Kotak Mahindra Bank to 9.99 percent.
- Currently LIC holds 4.96% stake in the private lender.
Points to Remember:
- LIC has recently granted approval to LIC to hold 9.99% stake in which private bank?
- RBI has granted permission to LIC to hold _______ percent stake in Kotak Mahindra Bank
- What is the current shareholding of LIC in Kotak Mahindra Bank