Which entity hold 51 percent share holdings in LIC ........

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Which entity hold 51 percent share holdings in LIC?

IDBI Bank

Allahabad Bank

United Bank of India

Corporation Bank

UCO Bank

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Explanation:

• IDBI Bank said that the insurance behemoth LIC has completed acquisition of 51 per cent controlling stake in the bank, making it the lender's majority shareholder.
• Of the 21 state-owned banks, 11 are under the PCA framework. These are Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Bank of India, Central Bank of India, Indian Overseas Bank, Oriental Bank of Commerce, Dena Bank and Bank of Maharashtra.

Hence option 1 is correct.