India's HDFC Bank gets RBI nod to buy up to 9.5% in six private lenders

India's HDFC Bank gets RBI nod to buy up to 9.5% in six private lenders

Photo: Pradeep Gaur/Mint

India’s biggest private lender by market capitalisation, HDFC Bank, said on Tuesday it has received approval from the Reserve Bank of India (RBI) to acquire up to a 9.5% stake each in six private lenders.