The Life Insurance Corporation of India (LIC) has boosted its stake in IDFC First Bank by 0.2%, bringing its total holding to 2.68%. This increase was achieved through a private placement, with LIC investing Rs 80.63 crore. LIC's move reflects confidence in IDFC First Bank's potential and growth prospects. By raising its stake, LIC aims to benefit from the bank's performance and strengthen its presence in the banking sector.