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Informist, Tuesday, Dec. 16, 2025

--HDFC Bank gets RBI OK to buy 9.5% "aggregate holding" in IndusInd Bank

--HDFC Bank: Do not intend to invest in IndusInd Bank 

--HDFC Bk: Sought RBI OK as group entities stake in IndusInd may cross 5% cap 

MUMBAI – HDFC Bank has got approval from the Reserve Bank of India for the bank's group entities to acquire "aggregate holding" of up to 9.5% in IndusInd Bank, according to an exchange filing late Monday. This approval will be applicable for a year till Dec. 14, 2026.

HDFC Bank does not intend to invest in IndusInd Bank and had sought approval on behalf of the group entities such as HDFC Mutual Fund, HDFC Life Insurance Co., HDFC ERGO General Insurance Co., HDFC Pension Fund Management, and HDFC Securities, the bank said. HDFC Bank expects group entities' stake in IndusInd Bank to exceed the 5% limit set in the Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025.

HDFC Bank will not have a representation on the IndusInd Bank board, the latter said in a seperate exchange filing. Monday, shares of HDFC Bank closed 0.5% lower at INR 996.10 per share on the National Stock Exchange and those of IndusInd Bank closed 0.6% higher at INR 851.25.  End

Reported by Anshul Choudhary

Edited by Akul Nishant Akhoury

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