Federal Bank has informed after the closing of the stock market on Wednesday that RBI has given approval to ICICI Prudential AMC to buy up to 9.95 percent stake in Federal Bank. This acquisition will be done as an aggregate holding with the group companies of ICICI Bank. The approval has been given subject to compliance with the Banking Regulation Act, RBI Guidelines 2025, FEMA and SEBI rules.
Big deal in Federal Bank: ICICI Group gets approval from RBI to increase stake – Market
