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The Reserve Bank of India (RBI) on Monday approved HDFC Bank s proposal to acquire nearly 9.5 per cent stake in IndusInd Bank, the company said in an exchanges filing. ....
The RBI approval for acquiring a stake in IndusInd Bank is intended for investments by HDFC Bank s Asset Management Company (AMC) and Life Insurance arms. ....
RBI has granted approval to HDFC Bank for acquiring up to 9.5% stake in Yes Bank. The approval is subject to compliance with relevant regulations. Separately, HDFC Bank reportedly clarified that the approval for acquiring stake in IndusInd Bank applies to the HDFC Bank Group, not HDFC Bank itself. ....