HDFC Bank Ltd.

HDFC Bank is all set to acquire 4.95% equity stake in National Securities Depository (NSDL). The Bank currently holds 5% of the total equity capital of NSDL. It is proposed to increase the stake in NSDL to 9.95% from an investment perspective. The proposed acquisition is expected to complete by end of December 2018.

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.