The Life Insurance Corporation of India has received the approval of RBI to incr

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Question

The Life Insurance Corporation of India has received the approval of RBI to increase its stake in Kotak Mahindra Bank from the present 4.96% to which percent?

Options:

A . 7.99%

B . 6.99%

C . 9.99%

D . 8.99%

Answer: Option C

The Reserve Bank of India (RBI) has given its approval to Life Insurance Corporation (LIC) to raise its stake in private lender Kotak Mahindra Bank to 9.99 percent.

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