New Delhi, Dec. 16 -- HDFC Bank announced on Monday that it's group entities have received approval from Reserve Bank of India (RBI) to acquire 9.5% stake in the IndusInd Bank.

In an exchange filing on Monday, HDFC Bank clarified that the approval applies to the aggregate shareholding of its group entities - HDFC Mutual Fund, HDFC Life Insurance, HDFC ERGO General Insurance, HDFC Pension Fund, and HDFC Securities.

The bank emphasized that it does not plan to make a direct investment in IndusInd Bank. However, as the cumulative holdings of its group companies were expected to cross the earlier regulatory cap of 5%, HDFC Bank sought permission from the RBI to increase the limit. The application, filed on October 24, 2025, was made on beha...