HDFC Bank has received approval from the Reserve Bank of India (RBI) to increase its stake in private sector lender IndusInd Bank up to 9.5%.

In a regulatory filing, IndusInd Bank said the RBI, through its letter dated December 15, 2025, has permitted HDFC Bank to acquire an “aggregate holding” of up to 9.50% of the paid-up share capital or voting rights in the bank. The approval has been granted pursuant to the application submitted by HDFC Bank to the central bank.