HDFC Bank Limited (HDFCBANK) — Announcement Announcement
HDFC Bank announced it received RBI approval to invest up to 9.95% in ICICI Bank and Kotak Mahindra Bank through its group entities, including mutual funds and insurance companies. The approval is valid until May 5, 2027, but the bank must keep group holdings below 9.95% at all times. Although the bank does not plan direct investment, group entities currently exceed the 5% cap, prompting a prior RBI application on January 23, 2026. This regulatory clearance enables future strategic stake building within strict limits.
📄 View Original Announcement (PDF)
About HDFC Bank Limited (HDFCBANK)
Financial Services · Banks · Listed on NSE
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.