HDFC Bank gets RBI nod to pick up 9.5% stake in Kotak Bank, AU and Capital SFBs

HDFC Bank has obtained the Reserve Bank of India's approval to acquire up to 9.5% aggregate stake in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank. This approval is valid until January 2, 2026. HDFC Bank must ensure that the stake held by its group entities does not exceed 9.5%.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EafAX0I
via IFTTT

Comments

Post a Comment

Popular posts from this blog

India's Paytm Payments Bank granted status upgrade

Image
Paytm Payments Bank, a niche bank that cannot lend on its own, had more than 64 million savings accounts and over 52 billion Indian rupees ($688.5 million) deposits, including savings accounts, current accounts and fixed deposits with partner banks at the end of March this year. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3pJr1JN via IFTTT
Read more