The Reserve Bank of India (RBI) approved, through a letter dated 5 February 2024, HDFC Bank's plan to acquire a “global stake” of up to 9.50 percent of IndusInd Bank's paid-up share capital or voting rights.

Project approval is based on HDFC Bank's request to the central bank. It is subject to compliance with the Banking Regulation Act of 1949, the main directive and the RBI guidelines style="font-family: "Bookman Old Style”, "serif">on the acquisition and holding of shares or voting rights in banking companies on January 16, 2023 (as amended), provisions of the Foreign Exchange Management Act. According to the file of the 1999 Act, regulations of the Securities and Exchange Board of India style="font-family: "Bookman Old Style”, "serif"> ( SEBI ) and other applicable laws, regulations, and guidelines. LarBi a stipulé que si HDFC Bank fails to acquire a significant stake within one year from the date of the letter of the ”, "ans-serif"> RBI , the approval will be cancelled.