LIC Wins Approval to Raise ICICI Bank Stake; Institutional Investors Reshape Private Banking

LIC held 4.35% of ICICI Bank as of June 2026, with insurance companies collectively holding 8.24% and mutual funds 29.60%. Insurance companies are now significant shareholders in private banks—insurtech founders should track how institutional investor portfolios influence capital allocation and whether insurance-banking convergence creates new bundling opportunities.

Source: ET BFSI ↗