{"id":1278179,"date":"2024-01-26T15:50:06","date_gmt":"2024-01-26T10:20:06","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1278179"},"modified":"2024-01-26T15:50:27","modified_gmt":"2024-01-26T10:20:27","slug":"lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/","title":{"rendered":"LIC Allowed To Own 9.99% Stake In HDFC Bank; Current Shares Worth Rs 49,000 Crore!"},"content":{"rendered":"\n<p>The Reserve Bank of India (RBI) has permitted insurance giant LIC to acquire up to <a href=\"https:\/\/www.livemint.com\/companies\/news\/lic-gets-rbi-nod-to-raise-hdfc-bank-stake-to-9-99-11706196453824.html\">9.99% stake<\/a> in leading private lender HDFC Bank. LIC currently holds 5.19% shares in HDFC Bank valued at nearly \u20b950,000 crore as of December 31, 2022.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1.jpeg\" alt=\"LIC Allowed To Own 9.99% Stake In HDFC Bank; Current Shares Worth Rs 49,000 Crore!\" class=\"wp-image-1278196\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1-768x432.jpeg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>RBI has directed LIC to increase its stake to the approved ceiling within one year by January 24, 2025. LIC has been steadily building its position in HDFC Bank over past quarters &#8211; it owned 4.1% stake as of December 2021.<\/p>\n\n\n\n<p><strong>Stock Under Pressure Post Q3 Results<\/strong><\/p>\n\n\n\n<p>The nod for greater ownership by LIC comes at a time when HDFC Bank stock has slid 11% in the past week amid disappointing Q3 performance. This marked its worst week since March 2020. The lender&#8217;s market value also dipped below \u20b911 lakh crore &#8211; its lowest since June 2022.<\/p>\n\n\n\n<p>Some analysts however remain bullish despite recent stumbles, citing HDFC Bank&#8217;s strong fundamentals. Top bank executives also dismissed concerns, expressing confidence in sustaining robust long-term growth trends.<\/p>\n\n\n\n<p>But near-term challenges have emerged with HDFC Bank shares recording their fourth straight weekly loss during the truncated week. The stock is already down 15% in 2023 as growth and asset quality metrics came under scrutiny.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI) has permitted insurance giant LIC to acquire up to 9.99% stake in leading private lender HDFC Bank. LIC currently holds 5.19% shares in HDFC Bank valued at nearly \u20b950,000 crore as of December 31, 2022. RBI has directed LIC to increase its stake to the approved ceiling within one [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1278196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[575,181],"class_list":["post-1278179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-hdfc","tag-lic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LIC Allowed To Own 9.99% Stake In HDFC Bank; Current Shares Worth Rs 49,000 Crore! - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LIC Allowed To Own 9.99% Stake In HDFC Bank; Current Shares Worth Rs 49,000 Crore! - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of India (RBI) has permitted insurance giant LIC to acquire up to 9.99% stake in leading private lender HDFC Bank. LIC currently holds 5.19% shares in HDFC Bank valued at nearly \u20b950,000 crore as of December 31, 2022. RBI has directed LIC to increase its stake to the approved ceiling within one [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-26T10:20:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-26T10:20:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/\",\"url\":\"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/\",\"name\":\"LIC Allowed To Own 9.99% Stake In HDFC Bank; Current Shares Worth Rs 49,000 Crore! - Trak.in - Indian Business of Tech, Mobile &amp; Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1.jpeg\",\"datePublished\":\"2024-01-26T10:20:06+00:00\",\"dateModified\":\"2024-01-26T10:20:27+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1.jpeg\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1.jpeg\",\"width\":1024,\"height\":576},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LIC Allowed To Own 9.99% Stake In HDFC Bank; Current Shares Worth Rs 49,000 Crore!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile &amp; Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups &amp; Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7\",\"name\":\"Mohul Ghosh\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g\",\"caption\":\"Mohul Ghosh\"},\"url\":\"https:\/\/trak.in\/stories\/author\/mohul-ghosh\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"LIC Allowed To Own 9.99% Stake In HDFC Bank; Current Shares Worth Rs 49,000 Crore! - Trak.in - Indian Business of Tech, Mobile &amp; Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/","og_locale":"en_US","og_type":"article","og_title":"LIC Allowed To Own 9.99% Stake In HDFC Bank; Current Shares Worth Rs 49,000 Crore! - Trak.in - Indian Business of Tech, Mobile &amp; Startups","og_description":"The Reserve Bank of India (RBI) has permitted insurance giant LIC to acquire up to 9.99% stake in leading private lender HDFC Bank. LIC currently holds 5.19% shares in HDFC Bank valued at nearly \u20b950,000 crore as of December 31, 2022. RBI has directed LIC to increase its stake to the approved ceiling within one [&hellip;]","og_url":"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile &amp; Startups","article_published_time":"2024-01-26T10:20:06+00:00","article_modified_time":"2024-01-26T10:20:27+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1.jpeg","type":"image\/jpeg"}],"author":"Mohul Ghosh","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Mohul Ghosh","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/","url":"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/","name":"LIC Allowed To Own 9.99% Stake In HDFC Bank; Current Shares Worth Rs 49,000 Crore! - Trak.in - Indian Business of Tech, Mobile &amp; Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1.jpeg","datePublished":"2024-01-26T10:20:06+00:00","dateModified":"2024-01-26T10:20:27+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1.jpeg","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1.jpeg","width":1024,"height":576},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/lic-allowed-to-own-9-99-stake-in-hdfc-bank-current-shares-worth-rs-49000-crore\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"LIC Allowed To Own 9.99% Stake In HDFC Bank; Current Shares Worth Rs 49,000 Crore!"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile &amp; Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile &amp; Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups &amp; Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/5092a7d2906e3f3c819643435477c2a7","name":"Mohul Ghosh","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/66c129d83dd3f325a3b550eb1aa16891173ddfc4686361424206cd9a01311c89?s=96&d=mm&r=g","caption":"Mohul Ghosh"},"url":"https:\/\/trak.in\/stories\/author\/mohul-ghosh\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/01\/Untitled-design-8-2-1280x720-1024x576-1-1280x720-1024x576-1-1-1-1-1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1278179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1278179"}],"version-history":[{"count":1,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1278179\/revisions"}],"predecessor-version":[{"id":1278197,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1278179\/revisions\/1278197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1278196"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1278179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1278179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1278179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}