HDFC Bank gets RBI nod to raise IndusInd Bank stake to 9.5%

• HDFC Bank received RBI approval for its group entities to collectively hold up to 9.50% stake in IndusInd Bank.
• The approval is valid for one year, until December 14, 2026.
• HDFC Bank itself does not intend to invest directly; the approval addresses the combined holding of its group entities.
• This ensures compliance with RBI's share acquisition directions.

Why It Matters: HDFC Bank group's increased IndusInd Bank stake changes banking sector dynamics.