HDFC Bank: The approval for acquiring the stakes is intended for investments by HDFC Asset Management Company (AMC), HDFC Ergo and HDFC Life Insurance, the bank mentioned in the regulatory filing. Complying with the RBI’s norms the filing added that HDFC Bank shall ensure that the “aggregate holding” in the above‐mentioned banks does not exceed 9.50 per cent of the paid‐up share capital or voting rights of the respective banks, at all times.(Pic: Shutterstock/ET NOW News) …
Read More…
HDFC Bank gets RBI nod to acquire up to 9.5% stake in 6 banks – Check full list
