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RBI allows HDFC Bank to own up to 9.5% stake in Kotak, 2 others
short by Mansi Agarwal / on Saturday, 4 January, 2025
RBI has allowed HDFC Bank to acquire "aggregate holding" of up to 9.5% in Kotak Mahindra Bank, AU Small Finance Bank and Capital Small Finance Bank. The approval is valid till January 2, 2026. HDFC Bank said it doesn't intend to invest in these banks but sought approval since holding of its group entities is likely to exceed 5% limit.
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