RBI Approves ICICI Prudential AMC and ICICI Bank Group to Acquire Up to 9.95% in 8 Banks

ICICI Prudential Asset Management Company and ICICI Bank group entities have received approval to increase their aggregate shareholding in select private sector banks. 

Approval Covers 8 Private Banks 

The Reserve Bank of India has permitted ICICI Prudential Asset Management Company Limited and group entities of ICICI Bank Limited to acquire an aggregate holding of up to 9.95% of the paid-up equity capital or voting rights in 8 banks. 

The banks covered under the approval include Bandhan Bank Limited, City Union Bank Limited, Equitas Small Finance Bank Limited, The Federal Bank Limited, HDFC Bank Limited, IDFC First Bank Limited, The Karur Vysya Bank Limited and RBL Bank Limited. 

Acquisition Through Multiple Investment Vehicles  

ICICI Prudential AMC, acting as investment manager, may acquire equity shares on behalf of schemes of ICICI Prudential Mutual Fund, including investment strategies under the Specialised Investment Fund, as well as through Alternative Investment Funds and Portfolio Management Services clients. 

Read More: Angel One Nifty Total Market Index Fund Portfolio Check: HDFC Bank, RIL and ICICI Under Top Bets! 

ICICI Prudential AMC Share Price Performance  

As of February 12, 2026, at 9:30 AM, ICICI Prudential Asset Management Company Ltd share price is trading at ₹3,069.10 per share, reflecting a gain of 0.78% from the previous closing price. Over the past month, the stock has gained 16.72%. 

Conclusion 

With the approval in place, ICICI Prudential AMC and ICICI Bank group entities can increase their aggregate stake in 8 listed banks up to 9.95% through mutual fund schemes, AIFs and portfolio mandates. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.