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    Question

    After receiving permission from the Reserve Bank of

    India, what percentage stake will LIC hold in HDFC Bank?
    A 5.19% Correct Answer Incorrect Answer
    B 6.99% Correct Answer Incorrect Answer
    C 7.99% Correct Answer Incorrect Answer
    D 8.90% Correct Answer Incorrect Answer
    E 9.99% Correct Answer Incorrect Answer

    Solution

    LIC will now be able to buy up to 9.99 percent stake in HDFC Bank. The Reserve Bank of India has given permission to this government insurance company to increase its stake. In this matter, LIC had applied to RBI some time ago. At present LIC holds 5.19 percent stake in HDFC Bank.

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