However, if the acquisition is not completed within the mentioned timeframe, the approval for the deal will lapse, the banking regulator noted.

RBI approves HDFC Bank group to acquire up to 9.50% stake in Kotak Mahindra, AU Small Finance, and Capital Small Finance Banks.

The Reserve Bank of India approved HDFC Bank’s application for group entities to acquire not more than 9.5 per cent aggregate stake in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Fin

AU Small Finance Bank has received approval from the RBI for HDFC Bank and its group entities to acquire up to 9.5% of its stake. The acquisition, subject to regulatory compliance, must be completed within one year,

MUMBAI: HDFC Bank has informed the stock exchanges that it has received approval from RBI for its group entities to hike investments in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank up to 9.

India's largest lender HDFC Bank on Friday night said the Reserve Bank of India has given its approval to acquire “aggregate holding” of up to 9.50 per cent in 3 banks. The 3 lenders were Kotak Mahindra Bank,

HDFC Bank has said the Reserve Bank has granted it permission to acquire up to a 9.5 percent stake in rival lender Kotak Mahindra Bank, as also AU Small Finance Bank and Capital Small Finance Bank. In a regulatory filing,