ICICI Pru gets nod for stake buy in Federal, RBL banks

PTI

Updated At : 02:53 PM Dec 29, 2023 IST

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New Delhi, December 28

Federal Bank on Thursday said the RBI has accorded approval to ICICI Prudential Asset Management Company Ltd (ICICI AMC) for acquiring up to 9.95% stake in the bank.

Meanwhile, the Reserve Bank also accorded approval to ICICI AMC to acquire 9.95% stake in RBL Bank and Equitas Small Finance Bank.

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