RBI allows ICICI group to acquire up to 9.95 percent in HDFC Bank
HDFCBANK · price
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On the reaction day the stock moved 0.2 pts less than Nifty 100 and 0.2 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RBI has approved ICICI Prudential AMC and ICICI group entities to acquire up to 9.95% of HDFC Bank's paid-up share capital. As of Feb 6, 2026, the ICICI group already holds 4.07% in HDFC Bank. The approval is valid for one year and subject to compliance with banking and SEBI regulations. ICICI must keep its holding below 9.95% at all times, and if it falls below 5%, fresh RBI approval will be needed to raise it again.
A peer bank increasing its stake signals confidence, but holding is capped at 9.95 percent with no board control.