The said approval is valid for a period of one year from the date of RBI’s letter, i.e., till January 2, 2026.
FinTech BizNews Service
Mumbai, 4 January, 2025: RBI has given HDFC Bank Limited the permission to acquire “aggregate holding” of up to 9.50% of the share capital or voting rights in the following banks:
The said approval is valid for a period of one year from the date of RBI’s letter, i.e., till January 2, 2026.
Capital Small Finance Bank (CAPITAL SFB) is a bank headquartered at Jalandhar, Punjab, India. Capital Small Finance Bank Limited started operations as India's 1st Small Finance Bank on April 24, 2016 after conversion from Capital Local Area Bank. Prior to conversion to a Small Finance Bank, Capital Local Area Bank was operating as India's largest local area bank since January 14, 2000. The core strategy of the bank is to build a retail focused banking franchise by enabling access for middle income group customers to affordable credit in the states Bank operates, diversified & secured advance portfolio, retail focused liability franchise and customer centric business model.
