ET Banking/Finance NEWS Powered by ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: Report SECTIONS ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: ReportPTI Last Updated: Mar 04, 2021, 07:30 PM IST Share Synopsis Quoting unnamed RBI officials, a media report earlier this week said the monetary authority is not comfortable with banks owning controlling stake in non-core businesses like insurance ventures which are capital guzzlers and wants banks to cap ownership in insurance arms/ companies at a maximum of 20 per cent. Agencies Current regulations allow banks to own over 50 per cent stake in insurance arms.