The Reserve Financial institution of India has accredited Life Insurance coverage Company of India’s (LIC) proposal to accumulate as much as 9.99% of the paid-up share capital or voting rights in HDFC Financial institution.
In a letter dated August 19, 2026, the RBI granted the approval to LIC, topic to compliance with relevant banking, international alternate, securities market and different regulatory provisions.
As of August 14, LIC held a 4.11% stake in HDFC Financial institution, which means the insurer can probably increase its holding by practically 5.9 share factors from its present degree.
ALSO READ: Stock Market Today: All You Need To Know Going Into Trade On August 20
The approval is topic to the provisions of the Banking Regulation Act, 1949, the RBI’s Business Banks — Acquisition and Holding of Shares or Voting Rights Instructions, 2025, the International Trade Administration Act, 1999, SEBI rules and different relevant legal guidelines and tips.
LIC Q1 Efficiency
LIC reported a 23% year-on-year rise in internet revenue to Rs 13,492 crore within the first quarter, in contrast with Rs 10,987 crore a 12 months earlier.
Internet premium earnings elevated 7% to Rs 1.27 lakh crore, whereas different earnings rose sharply to Rs 635 crore from Rs 130 crore.
Total annualised premium equal (APE) grew 8.2% to Rs 13,692 crore. Group enterprise APE elevated 10.2% to Rs 6,160 crore, whereas first premium earnings rose 22% to Rs 9,217 crore.
Worth of latest enterprise (VNB) jumped 61% year-on-year to Rs 3,136 crore, with the VNB margin increasing to 22.9% from 15.4%.
LIC’s solvency ratio stood at 2.42, up from 2.35 within the previous quarter and a couple of.17 a 12 months earlier.
The insurer’s Thirteenth-month persistency ratio stood at 70.4%, in contrast with 70.9% a 12 months earlier, whereas the 61st-month persistency ratio improved to 61.3% from 58.3%.
ALSO READ: LIC Q1 Review: Brokerages Flag VNB Margin Gains After Sharp Value Growth
Important Business Intelligence,
Sharp Market Insights,
Sensible Personal Finance Recommendation, Every day Fuel, Gold and Silver Costs and Latest Tales — On NDTV Revenue.
