Hdfc Bank ( (HDB) ) has shared an announcement.
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HDFC Bank has received approval from the Reserve Bank of India (RBI) to acquire up to 9.50% of share capital or voting rights in Kotak Mahindra Bank Limited, AU Small Finance Bank Limited, and Capital Small Finance Bank Limited. This strategic move, valid for one year, aligns with HDFC Bank’s growth strategy and the overall business operations of its group entities. The approval ensures that HDFC Bank’s group entities do not exceed the prescribed investment limit, supporting its strategic position in the financial market.
More about Hdfc Bank
HDFC Bank Limited operates in the financial services industry, offering a range of products and services including banking, mutual funds, life insurance, general insurance, and pension fund management. It is a prominent player with a focus on expanding its financial services across India and potentially internationally, with a strong emphasis on banking and insurance.
YTD Price Performance: -2.37%
Average Trading Volume: 2,429,420
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $156B
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