HDFC Bank gets RBI nod to acquire 9.5% stake in IndusInd Bank
16 Dec 2025, 04:23 PMThe Reserve Bank of India granted approved HDFC Bank's subsidiaries to acquire upto 9.5% stake in IndusInd.
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HDFC Bank has received the regulatory clearance to increase its group-level shareholding in IndusInd Bank. The Reserve Bank of India granted approved HDFC Bank's subsidiaries to acquire upto 9.5% stake in IndusInd.
The banking regulator's approval, issued on December 15th, remains effective through December 2026, HDFC Bank said in its statement.
"We further wish to inform you that the said approval is valid for a period of one year from the date of RBI’s letter, i.e., till December 14, 2026. Further, the bank needs to ensure that the 'aggregate holding' in IndusInd does not exceed 9.50% of the paid-up share capital or voting rights of IndusInd, at all times," the bank said in the filing.
The bank's group entities such as HDFC Mutual Fund, HDFC Life Insurance, HDFC Pension Fund, and HDFC Securities Ltd, received the approval to buy a combined stake of up to 9.5% of the paid-up share capital or voting rights in IndusInd Bank, it added.
HDFC Bank said it has no plans to directly purchase IndusInd Bank shares. The bank approached the RBI in late October after determining that the aggregate holdings across its affiliated entities were approaching the previous regulatory ceiling.
IndusInd Bank came under immense regulatory scrutiny earlier this year due to major accounting irregularities, particularly concerning its derivatives portfolio and potential misreporting in its microfinance (MFI) and unsecured loan segments. This also led to several senior management exits at the bank.
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