HDFC Bank gets RBI nod to pick up 9.5% stake in Kotak Bank, AU and Capital SFBs

HDFC Bank has obtained the Reserve Bank of India's approval to acquire up to 9.5% aggregate stake in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank. This approval is valid until January 2, 2026. HDFC Bank must ensure that the stake held by its group entities does not exceed 9.5%.