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RBI Approves LIC for Up to 9.99% Stake in ICICI Bank

The Reserve Bank of India has approved Life Insurance Corporation of India, or LIC, to acquire up to 9.99% of ICICI Bank. The approval covers the bank's paid-up share capital or voting rights. ICICI Bank disclosed the approval in a regulatory filing on Saturday, September 5, 2026. The RBI approval letter is dated September 4.…

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