{
  "id": 5754947,
  "title": "LIC gets RBI approval to acquire up to 9.99% stake in ICICI Bank",
  "url": "https://urgent.news/2026/09/05/lic-gets-rbi-approval-to-acquire-up-to-9-99-stake-in-icici-bank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-05T09:41:15.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/money-and-banking/lic-gets-rbi-approval-to-acquire-up-to-999-stake-in-icici-bank/article71431558.ece"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India (RBI) has granted approval to the Public Sector Undertaking, Life Insurance Corporation of India (LIC), to acquire a maximum of 9.99% of ICICI Bank's paid-up share capital or voting rights. This decision was communicated to ICICI Bank on September 4, 2026, at 9:09 PM. The approval grants LIC a one-year window to complete the acquisition, after which it will expire. The acquisition will be contingent upon conformity with the requisite statutory and regulatory guidelines.",
  "summary": "The approval comes amid LIC’s recent expansion of its potential holdings in major private lenders, including HDFC Bank.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Press Journal",
        "title": "RBI Clears LIC To Acquire Up To 9.99% Stake In ICICI Bank, Sets One-Year Window",
        "url": "https://urgent.news/2026/09/05/rbi-clears-lic-to-acquire-up-to-9-99-stake-in-icici-bank-sets-one",
        "published": "2026-09-05T08:40:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}