RBI nod for HDFC Bank to pick 9.5% each in 6 lenders

New Delhi: HDFC Bank on Tuesday said RBI has given approval to the group to acquire up to 9.5 per cent stake each in six lenders, including ICICI Bank and Axis Bank.

The Reserve Bank of India (RBI) gave its approval on February 5, 2024. Entities under HDFC Bank Group are HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company and others.