Mergers & Acquisitions ·
ICICI Bank disclosed that its affiliate, ICICI Prudential Asset Management Company (the Applicant), received approvals…
IBNIcici Bank Ltd
ICICI Bank disclosed that its affiliate, ICICI Prudential Asset Management Company (the Applicant), received approvals from the Reserve Bank of India on September 8, 2026. These approvals permit the Applicant to acquire an aggregate holding of up to 9.95% of paid-up share capital or voting rights in four specific banks: CSB Bank Limited, DCB Bank Limited, Kotak Mahindra Bank Limited, and AU Small Finance Bank. The Applicant must complete these acquisitions within one year of the RBI letters, or the approvals will be cancelled. This transaction is subject to the Reserve Bank of India (Commercial Banks - Acquisition and Holding of Shares or Voting Rights) Directions, 2025. ICICI Bank operates in the banking and financial services industry.