Zeolite based catalyst composition for the reduction of olefins in FCC naphtha

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The present disclosure relates to a zeolite based catalyst composition comprising i. at least one rare earth metal, ii. at least one zeolite, and iii. optionally, at least one promoter; wherein, said rare earth metal is impregnated in said zeolite. The amount of said rare earth metal in said composition is in the range of 0.1 to 20 w/w %. The present disclosure also relates to a process for preparing a catalyst composition. Further, the present disclosure relates to a process for reducing olefin content in a hydrocarbon stream using the catalyst of the present disclosure.