Financing ·
RBI approves Life Insurance Corporation of India's acquisition of up to 9.99% stake in ICICI Bank
IBNIcici Bank Ltd
ICICI Bank Limited received approval from the Reserve Bank of India (RBI) on September 4, 2026, allowing Life Insurance Corporation of India to acquire an aggregate holding of up to 9.99% of the bank's paid-up share capital or voting rights within one year. The approval is subject to compliance with relevant statutory and regulatory provisions; otherwise, it will be cancelled. ICICI Bank Limited operates in the banking industry.