Reserve Bank of India (RBI) approves HDFC Bank group entities to acquire up to 9.5% stake in IndusInd Bank.

Key facts

• Reserve Bank of India (RBI) granted approval through a letter dated December 15 for HDFC Bank and its group entities to hold up to 9.50% of the paid-up share capital or voting rights of IndusInd Bank.
• The approval remains valid for one year until December 14, 2026.
• Aggregate holding covers HDFC Bank and group entities including HDFC Mutual Fund, HDFC Life Insurance Company Limited, HDFC ERGO General Insurance Company Limited, HDFC Pension Fund Management Limited, and HDFC Securities Limited.
• HDFC Bank stated it does not intend to invest directly in IndusInd Bank.
• The application for raising the investment limit was submitted on October 24, 2025, after combined holdings of group entities were expected to exceed the previous 5% threshold.