According to a regulatory filing by AU Small Finance Bank, the central bank issued a letter on January 3, 2025, permitting HDFC Bank and its affiliated companies (including HDFC Mutual Fund, HDFC Life Insurance,

RBI approves HDFC Bank group to acquire up to 9.50% stake in Kotak Mahindra, AU Small Finance, and Capital Small Finance Banks.

AU SFB announced after market hours on Friday, via a regulatory filing, that approval has been granted to HDFC Bank and its group companies—HDFC Mutual Fund, HDFC Life Insurance, HDFC Pension Management,

India's largest lender HDFC Bank on Friday night said the Reserve Bank of India has given its approval to acquire “aggregate holding” of up to 9.50 per cent in 3 banks. The 3 lenders were Kotak Mahindra Bank,

The Reserve Bank of India approved HDFC Bank’s application for group entities to acquire not more than 9.5 per cent aggregate stake in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Fin

AU Small Finance Bank has received approval from the RBI for HDFC Bank and its group entities to acquire up to 9.5% of its stake. The acquisition, subject to regulatory compliance, must be completed within one year,

Besides, AU Small Finance Bank, HDFC Bank will also acquire up to 9.5% aggregate holding in Kotak Mahindra Bank and Capital Small Finance Bank.