RBI Approves HDFC Bank Group to Acquire Up to 9.5% Stake in IndusInd Bank
On 15 December 2025, the Reserve Bank of India (RBI) approved HDFC Bank Limited, along with its group entities, to acquire an aggregate holding of up to 9.5% of the paid-up share capital or voting rights in IndusInd Bank Limited.
On 15 December 2025, the Reserve Bank of India (RBI) approved HDFC Bank Limited, along with its group entities, to acquire an aggregate holding of up to 9.5% of the paid-up share capital or voting rights in IndusInd Bank Limited.
- The approval has been granted under the RBI (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025, with non-compliance leading to automatic lapse of permission.
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- What? RBI approval to acquire an aggregate stake
- Acquirer Bank: HDFC Bank Group
Target Bank: IndusInd Bank - Permissible Limit: Up to 9.50% aggregate holding
- Validity Period: One year, till December 14, 2026
- Regulation: RBI Commercial Banks (Acquisition and Holding of Shares or Voting Rights) Directions, 2025
Key Details of Approval:
Validity: The approval is valid for one year, from 15 December 2025 to 14 December 2026, and the aggregate holding must not exceed 9.50% at any time.
Coverage: The approval applies to aggregate holdings of HDFC Bank, its promoter group entities,Mutual Funds(MFs), trustees, and corporate bodies under the same management or control.
Entities: The covered group entities include HDFC Mutual Fund, HDFC Life Insurance Company Limited, HDFC ERGO General Insurance Company Limited, HDFC Pension Fund Management Limited, and HDFC Securities Limited.
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