RBI Approves ICICI Prudential's 9.95% Stake in DCB Bank

The Reserve Bank of India (RBI) has granted approval to ICICI Prudential Asset Management Company Limited to acquire up to 9.95% of the paid-up share capital or voting rights in DCB Bank Limited. This approval is subject to various regulatory conditions, including compliance with the Banking Regulation Act, 1949, and SEBI regulations. The approval will be cancelled if the acquisition is not completed within one year. ICICI Prudential must ensure its holding does not exceed 9.95% at any time.