Tue Dec 16 20:49:26 UTC 2025: Here’s a news article summarizing the information provided:
HDFC Bank Gets Green Light to Acquire Up to 9.5% Stake in IndusInd Bank
MUMBAI, December 17, 2025 (The Hindu e-Paper) – The Reserve Bank of India (RBI) has approved a proposal by HDFC Bank to acquire an “aggregate holding” of up to 9.50% of the paid-up share capital or voting rights in IndusInd Bank. The approval, granted to HDFC Bank in its capacity as promoter/sponsor of its group entities, including HDFC Mutual Fund and HDFC Life Insurance, is valid for one year, expiring on December 14, 2026.
IndusInd Bank confirmed the approval, stating that HDFC Bank must ensure its aggregate holding remains below the 9.50% threshold at all times. The RBI has also stipulated that if HDFC Bank’s holding falls below 5%, prior approval will be required to increase it back to 5% or more. Furthermore, HDFC Bank will not be permitted to have representation on IndusInd Bank’s Board.
The move signals a potential strengthening of ties between the two major financial institutions.
First Piper 