HDFC Bank Gets RBI Approval to Acquire 9.5% Stake in AU Small Finance Bank
2025-01-04
The Financial Express
In a significant development, AU Small Finance Bank has received the green light from the Reserve Bank of India (RBI) for HDFC Bank and its group entities to acquire up to 9.5% of its stake. This strategic move is subject to regulatory compliance and must be completed within a one-year timeframe, marking a notable expansion in the Indian banking sector with potential implications for financial services and banking solutions. The acquisition is expected to enhance the bank's financial stability and growth prospects, with a focus on digital banking and customer experience.
