LIC got RBI's approval to hold how much percent stake in IndusInd Bank? Options: A . &nbsp9.69% B . &nbsp9.79% C . &nbsp9.99% D . &nbsp9.89%

LIC got RBI's approval to hold how much percent stake in IndusInd Bank?

Question

LIC got RBI's approval to hold how much percent stake in IndusInd Bank?

Options:

A . 9.69%

B . 9.79%

C . 9.99%

D . 9.89%

Answer: Option C

India's largest insurer Life Insurance Corporation of India (LIC) has been allowed by the Reserve Bank of India (RBI) to raise its holding in private lender IndusInd Bank to 9.99 per cent from the existing 4.95 per cent.

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