RBI lets HDFC Bank group pick up bigger slice of IndusInd Bank

Business Dec 16, 2025

HDFC Bank's group companies just got the RBI's go-ahead to own up to 9.5% of IndusInd Bank—almost double their previous limit.
This approval lasts until December 14, 2026, but interestingly, HDFC Bank itself isn't putting in money directly; it's all through its related companies.

Who's actually buying?

It's not just HDFC Bank—think HDFC Mutual Fund, HDFC Life Insurance, and a few other group firms.
Together, they can't cross that 9.5% mark in IndusInd's total shares or voting rights.

Why did RBI say yes?

The green light follows RBI's fresh 2025 rules on how much banks and their groups can own in other banks.
Basically, as long as these investments happen through normal business channels and stay within the cap, it fits the new guidelines.