HDFC Bank secures RBI nod to acquire 9.5% stake in AU Small Finance Bank

Daily Current Affairs / HDFC Bank secures RBI nod to acquire 9.5% stake in AU Small Finance Bank

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Category : Business and economics Published on: January 07 2025

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The Reserve Bank of India (RBI) has approved HDFC Bank and its subsidiaries to acquire up to 9.5% stake in AU Small Finance Bank, with the acquisition to be completed within one year.
HDFC Bank and its group entities, including HDFC Mutual Fund, HDFC Life Insurance, and others, can acquire up to 9.5% of AU SFB’s paid-up share capital or voting rights, subject to regulatory compliance.

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HDFC Bank secures RBI nod to acquire 9.5% stake in AU Small Finance Bank