HDFC Bank has secured Reserve Bank of India’s (RBI) approval to acquire ‘aggregate holding’ of up to 9.50% of the paid-up share capital or voting rights in IndusInd Bank. With this approval, the bank’s group companies -- HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company, HDFC Pension Fund Management and HDFC Securities, together can acquire an ‘aggregate holding’ of up to 9.5% of the paid-up share capital or voting rights of IndusInd Bank.
RBI’s approval is valid for a period of one year, starting from December 15, 2025 till December 14, 2026. Further the bank needs to ensure that the ‘aggregate holding’ in IndusInd does not exceed 9.50% of the paid-up share capital or voting rights of IndusInd, at all times.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
