Life Insurance Corporation of India (LIC) has raised its shareholding in Bank of India (BoI) to 8.38% as of May 9, 2025.

According to a stock exchange filing by BoI on Tuesday, LIC acquired an additional 2.026% stake in the public sector lender over the period from September 2, 2021, to May 9, 2025.

With this acquisition, LIC's stake in Bank of India has grown from 6.35% to 8.38% over the past four years.