RBI Approves ICICI Prudential AMC to Acquire 9.95% in 4 Banks

ICICI Bank Limited has announced that the Reserve Bank of India (RBI) has granted approvals to ICICI Prudential Asset Management Company Limited (Applicant) to acquire an aggregate holding of up to 9.95% of the 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 Limited. These approvals are conditional upon the Applicant acquiring the major shareholding within one year from the RBI's letters dated September 8, 2026. The acquisition is in accordance with the RBI's Master Direction on Commercial Banks - Acquisition and Holding of Shares or Voting Rights, 2025.