RBI allows HDFC Bank units to acquire 9.5% stake in IndusInd Bank
Representative image. , Photo courtesy: Reuters The Reserve Bank of India (RBI) has approved HDFC Bank Ltd. (being the promoter/sponsor of its group entities HDFC Mutual Fund, HDFC Life Insurance Company Ltd., HDFC ERGO General Insurance Company Ltd., HDFC Pension Fund Management Ltd. and HDFC Securities Ltd.) to acquire “aggregate holding” of up to 9.50%…