HDFC Bank clarified that the recent RBI approval for acquiring a stake in IndusInd Bank was for its Asset Management Company and Life Insurance arms, not HDFC Bank itself. The approval is valid for one year and allows HDFC Bank to hold up to 9.50% of IndusInd Bank's paid-up share capital or voting rights. It was emphasized that HDFC Bank as a promoter had to seek approvals from RBI.