RBI Approval

Financial News

RBI Approval for IndusInd Bank Stake Acquisition Is Specific to HDFC Bank’s Asset Management and Life Insurance Arms.

Contrary to any misconceptions, HDFC Bank clarified on February 6 that the recent RBI approval for acquiring a stake in IndusInd Bank is not applicable to HDFC Bank itself. The term ‘Bank’ mentioned in the disclosure should be interpreted as HDFC Bank Group, as specified by the bank to CNBC-Awaaz. The RBI’s approval for acquiring […]

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