Mumbai, Dec. 16 -- The said approval is valid for a period of one year from the date of RBI's letter, i.e., till 14 December 2026.

Further, the bank needs to ensure that the 'aggregate holding' in IndusInd does not exceed 9.50% of the paid-up share capital or voting rights of IndusInd, at all times.

HDFC Bank is the promoter / sponsor of its group entities viz HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company, HDFC Pension Fund Management and HDFC Securities.

The term 'aggregate holding' includes shareholding by the bank, body corporate under the same management/ control, mutual funds, trustees, promoter group entities, etc.

In view of the same, whilst the bank had no intention to invest in IndusInd, s...