HDFC Bank gets RBI approval to raise IndusInd stake to 9.5

HDFC Bank has received approval from the Reserve Bank of India (RBI) to allow its group entities to collectively hold up to 9.50 per cent stake in IndusInd Bank, the bank informed the stock exchange in a filing.

- TBG NETWORK

The bank stated that RBI granted permission to HDFC Bank, which is the promoter and sponsor of several group entities, to acquire an “aggregate holding” of up to 9.50 per cent of the paid-up share capital or voting rights in IndusInd Bank. These 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. It stated, “We wish to inform you that the RBI vide its letter dated December 15, 2025, has given its approval to the Bank ........to acquire “aggregate holding” of up to 9.50 per cent of the paid up share capital or voting rights in IndusInd. ”The approval given by the central bank will remain validfor a