Will HDFC group go ahead and acquire 9.5% stake in all the 6 banks?
Tue, Feb 6, 2024 2:54 PM

Will HDFC group go ahead and acquire 9.5% stake in all the 6 banks?

A Flip by Shubhangi Gupta
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HDFC Bank has received RBI approval to increase its stake in six banks by up to 9.5% over the next year. This is a positive sentiment for these banks, but does not guarantee that HDFC will reach the 9.5% limit. The approval allows the HDFC group to acquire up to 9.99% stake in banks, with the current holdings at around 3-4%.

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