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RBI pushes back on Hinduja brothers' plan to raise IndusInd Bank stake

The RBI has conveyed the decision to the IndusInd founders Srichand and Gopichand Hinduja, the people said

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The brothers had applied to the central bank for approval to raise their stake in the lender to 26 per cent from less than 15 per cent,

Bloomberg

1 min read Last Updated : Jun 06 2020 | 12:18 AM IST

The Reserve Bank of India pushed back on the billionaire Hinduja brothers’ plan to raise stake in IndusInd Bank, which has lost more than 70 per cent of its market value this year, said sources.

The RBI has conveyed the decision to the IndusInd founders Srichand and Gopichand Hinduja, the people said, asking not to be named as the information is not public.

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The brothers had applied to the central bank for approval to raise their stake in the lender to 26 per cent from

Topics : IndusInd Bank Hinduja brothers Reserve Bank of India YES Bank

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