Question
Which of the following statement/statements is/are CORRECT regarding HDFC Bank Group's approval to acquire stakes in various banks? 1. The Reserve Bank of India has allowed HDFC Bank Group to acquire up to 9.50 percent stakes in IndusInd Bank, Yes Bank, Axis Bank, ICICI Bank, Suryoday Small Finance Bank, and Bandhan Bank. 2. The approval is intended for investments by HDFC Asset Management Company (AM
- C , HDFC Ergo, and HDFC Life Insurance. 3. The RBI approval is valid for an indefinite period, allowing HDFC Bank to acquire the shareholding at its own pace.
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