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HDFC Bank Secures RBI Approval to Acquire Stakes in Peer Banks

Kumari Sonali

HDFC Bank Secures RBI Approval to Acquire Stakes in Peer Banks:

HDFC Bank, India’s largest private sector lender, has received the Reserve Bank of India’s (RBI) approval to acquire up to a 9.5% stake in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank. This strategic move is facilitated through its group entities, including HDFC Mutual Fund, HDFC Life Insurance, HDFC ERGO General Insurance, and HDFC Pension Fund Management.

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