Non-public lender HDFC Financial institution, stated on Wednesday, August 19, that the Reserve Financial institution of India (RBI) has granted approval to Life Insurance coverage Company of India (LIC) to amass an combination stake of as much as 9.99% within the financial institution’s paid-up share capital or voting rights.
LIC held a 4.11% stake in HDFC Financial institution’s whole share capital as of the newest obtainable helpful place on August 14, 2026. The RBI gave its approval by way of a letter dated August 19 following an software submitted by LIC.
“We wish to inform you that the Reserve Financial institution of India (“RBI”) vide its letter dated August 19, 2026, has accorded its approval to Life Insurance coverage Company of India (“LIC”), for buying combination holding as much as 9.99% of the paid-up share capital or voting rights in HDFC Bank Restricted (“the Financial institution”). As per the newest obtainable helpful place i.e. as on August 14, 2026, LIC holds 4.11% of the overall share capital of the Financial institution,” the financial institution stated within the submitting.
The approval stays topic to sure situations, together with adherence to the Banking Regulation Act, 1949; the Reserve Financial institution of India (Industrial Banks – Acquisition and Holding of Shares or Voting Rights) Instructions, 2025; the International Change Administration Act, 1999; SEBI rules; and different relevant legal guidelines, rules and tips.
HDFC Q1 outcomes 2026
HDFC Bank reported a standalone internet revenue of ₹19,059.72 crore for the April-June quarter of FY27, marking a 4.98% improve from the corresponding interval final 12 months. Its internet curiosity revenue (NII) rose 6.7 p.c year-on-year (YoY) to ₹33,535.95 crore, falling wanting the ballot estimate of ₹34,353 crore.
The financial institution’s internet curiosity margin (NIM) stood at 3.26% on whole belongings and three.40% on interest-earning belongings through the quarter.
The nation’s largest non-public sector lender recorded a ten.8 p.c YoY progress in common deposits, which reached ₹30,386 billion. Advances elevated 13.3 p.c from a 12 months earlier to ₹30,115 billion.
By way of asset high quality, HDFC Financial institution’s gross non-performing belongings (GNPAs) rose barely to 1.17% of gross advances as of June 30, 2026, in contrast with 1.15 p.c as of March 31, 2026.
Disclaimer: This story is for academic functions solely. Please seek the advice of with an funding advisor earlier than making any funding choices.
