HDFC Bank gets RBI’s nod to buy aggregate holding of up to 9.50% in IndusInd Bank [Banking]
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TL;DR
HDFC Bank receives RBI approval to acquire up to 9.50% stake in IndusInd Bank, expanding its banking and financial services portfolio.
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Bank - PrivateBankingHDFC BankRBI approvalIndusInd Bankbanking sectorfinancial services
The Bank together with its subsidiaries is engaged in providing a range of banking and financial services, including retail banking, wholesale banking, treasury operations, insurance, asset management, stock broking and other financial services business. The Bank has overseas branch operations in Bahrain, Hong Kong, Dubai, Singapore and an Offshore Banking Unit at International Financial Service Centre (IFSC), GIFT City, India. The bank has three key business segments: Wholesale Banking, Treasury and Retail Banking.