Mumbai: HDFC Bank has secured approval from the Reserve Bank of India (RBI) to acquire up to a 9.5 per cent stake in IndusInd Bank, paving the way for a potential strategic investment in the private lender, according to media reports.
The regulatory clearance, granted on December 15, will remain valid until December 14, 2026, allowing HDFC Bank and its group entities to pick up IndusInd Bank shares through market purchases or other permitted routes.
The approval covers the aggregate holding of HDFC Bank along with its group companies where the bank acts as a promoter or sponsor. These entities include HDFC Mutual Fund, HDFC Life Insurance Company Ltd, and HDFC Ergo General Insurance Company Ltd.
The RBI clarified that “aggregate holding” refers to the combined shareholding of a category of investors taken together, rather than the stake of a single entity. The move signals regulatory comfort with HDFC Bank’s expanded presence in IndusInd Bank, even as it leaves the timing and scale of any acquisition to market conditions and strategic considerations.
