New Delhi, Dec. 16 -- HDFC Bank's subsidiaries have received approval from the Reserve Bank of India (RBI) to acquire up to 9.5% stake in the IndusInd Bank.

In an exchange filing late on Monday, India's largest private sector lender by market value, said the approval is valid for a year from the RBI's letter dated 15 December 2025.

Group entities including HDFC Mutual Fund, HDFC Life Insurance, HDFC Pension Fund, HDFC ERGO General Insurance, HDFC Pension Fund, and HDFC Securities can now hold an "aggregate holding" of up to 9.5% of the paid-up share capital or voting rights in IndusInd Bank.

HDFC Bank emphasized that it does not plan to make a direct investment. The approval was sought because the cumulative holdings of its group compa...