Life Insurance Corporation of India increases equity stake in Central Bank of India to 6.06%
The transaction represents an acquisition of an additional 2.901% equity holding.
Such transactions indicate institutional confidence in public sector banks and reflect capital realignment strategies of major financial entities.
Key Facts / Static GK
Central Bank of India Headquarters: Mumbai
Q Practice Quiz — 28 May 2026
1. Which Indian state recently became the third state in the country, and the first in the North East, to pass the Uniform Civil Code (UCC) Bill?
Explanation: Assam has officially become the third state in India, and the first in the North East, to pass the Uniform Civil Code (UCC) Bill, following Uttarakhand and Gujarat.
2. Which initiative of the Central Government facilitated Sikkim being declared a fully literate state?
Explanation: Sikkim was declared a fully literate state under the Centre's ULLAS (Understanding of Lifelong Learning for All in Society) initiative.
3. What is the official theme designated for the International Day of Yoga 2026 celebrations to be held in Kolkata?
Explanation: The theme for the International Day of Yoga 2026 has been announced as 'Yoga for Healthy Ageing'.
4. On which route has the Ministry of Railways approved the introduction of the 10-car Hydrogen Fuel Cell-based DEMU trainset?
Explanation: The Ministry of Railways has approved the introduction of a 10-car Hydrogen Fuel Cell-based DEMU trainset on the Jind-Sonipat section of Northern Railway.
5. To what percentage has the Life Insurance Corporation of India (LIC) increased its stake in the Central Bank of India?
Explanation: LIC has increased its stake in the Central Bank of India to 6.06% from the previous 3.16%.
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