LIC receives RBI approval to raise its stake in HDFC Bank to 9.99%, and HDFC Bank shares rise on the development, according to an exchange filing and subsequent market reaction reported by NDTV.
The RBI’s nod allows LIC to increase its holding to just under the 10% threshold. Separately, the bank’s financial performance also comes into focus: HDFC Bank reports Q1 FY27 net profit of Rs 19,059 crore, up 5% year-on-year, which NDTV says is broadly in line with market estimates cited in its report. While NDTV links the share move to the regulatory clearance, it also notes the bank’s earnings trajectory in the same period.
Across the available material, there are no differences in the core facts: the approval concerns LIC’s stake increase to 9.99%, and the bank’s Q1 FY27 profit figure and growth rate are presented as context for investors.
