RBI allows HDFC Bank to acquire up to 9.5% stake in Kotak Mahindra Bank, AU SFB, Capital SFB

HDFC Bank sought RBI approval to raise investment limits as its group entities’ aggregate holding may exceed the 5% cap, despite no plans to invest in these banks.

RBI allows HDFC Bank to acquire up to 9.5% stake in Kotak Mahindra Bank, AU SFB, Capital SFB
HDFC Bank sought RBI approval to raise investment limits as its group entities’ aggregate holding may exceed the 5% cap, despite no plans to invest in these banks.

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