ICICI Bank RBI Approval: Reserve Bank of India i.e. RBI has approved ICICI Bank Limited and its associate company ICICI Prudential Asset Management Company (AMC) to buy stake in eight different banking companies. RBI has given the green signal to this acquisition through separate letters issued on 10 February 2026. Under this approval, ICICI Group can buy up to 9.95% paid-up share capital or voting rights in these banks. However, there is a condition for this that this entire process will have to be completed within one year, otherwise the approval will be cancelled.
ICICI Prudential AMC gets RBI approval, will buy 9.95% stake in 8 banks; Action seen in shares – market
