“…we would like to inform you that the Reserve Bank of India (“RBI”) vide its letter dated August 19, 2026, has accorded its approval to Life Insurance Corporation of India (“LIC”), for acquiring aggregate holding up to 9.99% of the paid-up share capital or voting rights in HDFC Bank Limited (“the Bank”). As per the latest available beneficial position, i.e. as on August 14, 2026, LIC holds 4.11% of the total share capital of the bank,” according to a stock exchange filing.
As of the latest available beneficial position on August 14, 2026, LIC holds 4.11% of HDFC Bank’s total share capital. The RBI granted the approval through a letter dated August 19, 2026, following an application made by LIC.
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The approval is subject to conditions, including compliance with the Banking Regulation Act, 1949, the Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025, the Foreign Exchange Management Act, 1999, Securities and Exchange Board of India (SEBI) regulations, and other applicable statutes, regulations and guidelines.
First Quarter Results
HDFC Bank’s asset quality saw marginal pressure during the June quarter, with both Gross and Net NPA seeing a minor increase both in percentage and absolute terms on a sequential basis.
Most of the other parameters were also slightly below expectations, while provisions have risen from the March quarter. The lender’s margins were at record lows.
In its quarterly results reported on Saturday, July 18, HDFC Bank’s Gross NPA stood at 1.17% compared to 1.15% in the previous quarter, while Net NPA stood at 0.41% from 0.38% in the January-March period.Gross NPA in absolute terms stood at ₹35,846 crore during the June quarter versus ₹34,061 crore in March, while Net NPA stood at ₹12,357 crore from ₹11,169 crore last quarter.
Shares of HDFC Bank Ltd ended at ₹720.15, down by ₹3.05, or 0.42%, on the BSE.
