The nod allows the group to hold up to 9.5% stakes in Kotak Mahindra Bank, AU Small Finance Bank, Capital Small Finance Bank.

MUMBAI: HDFC Bank has informed the stock exchanges that it has received approval from RBI for its group entities to hike investments in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank up to 9.

India's largest lender HDFC Bank on Friday night said the Reserve Bank of India has given its approval to acquire “aggregate holding” of up to 9.50 per cent in 3 banks. The 3 lenders were Kotak Mahindra Bank,

HDFC Bank has said the Reserve Bank has granted it permission to acquire up to a 9.5 percent stake in rival lender Kotak Mahindra Bank, as also AU Small Finance Bank and Capital Small Finance Bank. In a regulatory filing,

The Reserve Bank of India ( RBI ) has granted HDFC Bank Group approval to acquire an aggregate holding of up to 9.50% in the share capital or voting rights of Kotak Mahindra Bank Limited, AU Small Finance Bank Limited,