HDFC Bank shares in focus as RBI approves up to 9.5% stake acquisition in IndusInd Bank by group entities

HDFC Bank’s group entities have received RBI approval to acquire up to 9.50% in IndusInd Bank. The approval, valid until December 14, 2026, covers entities like HDFC Mutual Fund and HDFC Life Insurance. This precautionary measure was taken due to potential aggregate shareholding exceeding regulatory thresholds.