HDFC Bank gets RBI nod to hold up to 9.5% in IndusInd Bank

The Reserve Bank of India has approved HDFC Bank to acquire up to 9.5% stake in IndusInd Bank, primarily for portfolio investments by its group companies. This approval, valid for one year, allows aggregate holdings by mutual fund and insurance arms without conferring board representation or control.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/OFpclUR