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RBI Allows HDFC Bank to Own 9.5% Stake in Kotak, Au Bank, Capital SFB
The New Indian Express Hyderabad
|January 05, 2025
HDFC Bank on Saturday said the Reserve Bank has granted it permission to acquire up to a 9.5% stake in rival lender Kotak Mahindra Bank, AU Small Finance Bank and Capital Small Finance Bank.
In a regulatory filing, HDFC Bank said the RBI on January 3 allowed it to increase its stake in these entities held through its subsidiaries to 9.5% from the present level. HDFC Bank holds shares of these companies through its subsidiaries -- HDFC Mutual Fund, HDFC L
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