Subscribe To Our Free Newsletter |
RBI accords approval to HDFC Bank to acquire up to 9.50% stake in ICICI Bank
Pursuant to an application filed by the applicant, RBI had sought comments from ICICI Bank for the proposed acquisition by any or all of the group companies of the applicant namely, HDFC Mutual Fund, HDFC Life Insurance Company, HDFC Pension Management Company
and HDFC ERGO General Insurance Company in any proportions such that their aggregate holding does not exceed 9.50% of the paid-up share capital of the Bank.