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RBI, HDFC Bank and AU Small Finance
RBI allows HDFC Bank to acquire 9.50% stake in AU Small Finance Bank within 1 year
According to a regulatory filing by AU Small Finance Bank, the central bank issued a letter on January 3, 2025, permitting HDFC Bank and its affiliated companies (including HDFC Mutual Fund, HDFC Life Insurance,
RBI grants approval to HDFC Bank to acquire up to 9.50% stake in AU SFB
Besides, AU Small Finance Bank, HDFC Bank will also acquire up to 9.5% aggregate holding in Kotak Mahindra Bank and Capital Small Finance Bank.
HDFC Bank secures RBI nod to acquire 9.5% stake in AU Small Finance Bank
AU Small Finance Bank has received approval from the RBI for HDFC Bank and its group entities to acquire up to 9.5% of its stake. The acquisition, subject to regulatory compliance, must be completed within one year,
RBI lets HDFC Bank buy up to 9.5% each in AU SFB. Kotak Mahindra and Capital Small Finance Bank
The Reserve Bank of India (RBI) has approved HDFC Bank’s proposal to acquire a 9.5 per cent stake in AU Small Finance Bank, Kotak Mahindra Bank and Capital Sm
RBI allows HDFC Bank to acquire up to 9.5% stake in Kotak Mahindra Bank, AU SFB, Capital SFB
RBI approves HDFC Bank group to acquire up to 9.50% stake in Kotak Mahindra, AU Small Finance, and Capital Small Finance Banks.
HDFC Bank Gets RBI Nod To Acquire 9.55 Stake In AU Small Finance Bank
The Reserve Bank of India (RBI) authorised HDFC Bank, the largest private lender in India, to purchase as much as a 9.5 per cent share in AU Small Finance Bank (SFB) within a year from the date of approval.
RBI Approves HDFC Bank's Acquisition Of 9.5% Stakes in AU Small Finance Bank; Details Here
The approval is valid for a year from January 3, 2025, after which it will lapse if the acquisition is not finalised.
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