Mumbai: Bank Indusind on Friday told the stock exchange that the life insurance corporation (LIC) from India has been allowed to accommodate up to 9.99% of shares in private lenders.
The permit appears behind the Norma of the New RBI share ownership for promoters and non-promoters at a private bank.
The RBI has enabled non-promoters to accommodate up to 10% in private banks.
LIC has been valid 4.59% at the Indusind Bank.
This permit is valid for one year.
Last month, the RBI allows LIC to accommodate up to 9.99% of the shares in the Mahindra Bank box, where the insurance company applies 4.96%.
Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…
Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…
PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…
Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…
Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…
Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…