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RBI approves HDFC Bank proposal to buy up to 9 5% in IndusInd Bank

The approval is valid for one year and if HDFC Bank fails to acquire the shareholding within that period, the approval stands cancelled

RBI approves HDFC Bank proposal to buy up to 9 5% stake in IndusInd Bank

The approval is valid for one year and if HDFC Bank fails to acquire the shareholding within that period, the approval stands cancelled.

RBI nod to acquire stake in IndusInd Bank is not for HDFC Bank

The RBI approval for acquiring a stake in IndusInd Bank is intended for investments by HDFC Bank s Asset Management Company (AMC) and Life Insurance arms.

Hindujas eye $35-40 billion valuation of their BFSI business

The Hinduja group is eying a valuation of $35-40 billion for its banking, financial services, and insurance (BFSI) business. Ashok Hinduja, stated that their promoter company, IndusInd International Holdings Ltd (IIHL), will expand into the BFSI sector to become a full-stack financial giant. The group has already acquired a controlling stake in a bank in the Bahamas and received approval for a banking license in Mauritius. IIHL has successfully bid for buying the debt-ridden Reliance Capital.

Hinduja Group to get RBI s nod to hike stakes to 26% in IndusInd Bank - News Today

Hinduja Group to get RBI s nod to hike stakes to 26% in IndusInd Bank - News Today
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