HDFC Bank Regulatory Approval
The RBI has approved LIC to acquire up to 9.99% shareholding in HDFC Bank. LIC currently holds a 4.11% stake in the Bank.
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The RBI has approved LIC to acquire up to 9.99% shareholding in HDFC Bank. LIC currently holds a 4.11% stake in the Bank.
HDFC Bank received RBI approval to appoint Mr. Rajiv Kumar as Part-time Chairman for three years. He succeeds Mr. Keki Mistry, effective July 15, 2026.
HDFC Bank received RBI approval for its group entities to acquire up to 9.95% aggregate holding in ICICI Bank and Kotak Mahindra Bank. The approval is valid until May 5, 2027. The bank noted these investments by group entities like HDFC Mutual Fund and HDFC Life are made in the normal course of business.