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    Question

    What stake percentage has the Reserve Bank of India

    (RBI) approved for Life Insurance Corporation of India (LIC) to acquire in HDFC Bank?
    A 5.5% Correct Answer Incorrect Answer
    B 7.75% Correct Answer Incorrect Answer
    C 9.99% Correct Answer Incorrect Answer
    D 11.25% Correct Answer Incorrect Answer
    E 13.5% Correct Answer Incorrect Answer

    Solution

    Explanation:

    The RBI has approved LIC's proposal to acquire up to 9.99% stake in HDFC Bank, and LIC is required to acquire a major shareholding within a period of one year (by January 24, 2025).

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