HDFC Bank Ltd has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) for the acquisition of shares of HDFC Life Insurance Company Limited and HDFC ERGO General Insurance Company Limited by HDFC Limited and for the transfer of entire shareholding of HDFC Limited in HDFC Life and HDFC ERGO to HDFC Bank Limited, in terms of Section 6A of the Insurance Act, 1938.