The Reserve Bank of India (RBI) has accorded its approval to HDFC Bank Ltd Bank (being promoter / sponsor of its group entities HDFC Mutual Fund, HDFC Life Insurance Company Ltd, HDFC ERGO General Insurance Company Ltd, HDFC Pension Fund Management Ltd and HDFC Securities Ltd) to acquire “aggregate holding” of up to 9.50% of the paid-up share capital or voting rights in IndusInd Bank.

The approval is valid for a period of one year from the date of RBI’s letter, i.e., till December 14, 2026.

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