Key Highlights
- RBI approves ICICI Prudential AMC to acquire up to 9.95% stake in RBL Bank.
- Approval granted under Banking Regulation Act 1949 and RBI 2025 shareholding directions.
- Acquisition must be completed within 1 year from February 10 2026.
- Aggregate holding must not exceed 9.95% at any time.
- Current holding of I-Pru AMC and group entities stands at 1.14% as of February 6 2026.
The Reserve Bank of India (RBI) has granted approval to ICICI Prudential Asset Management Company Limited (I-Pru AMC), along with group entities of ICICI Bank Limited, to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights in RBL Bank Limited.
The approval was conveyed through a letter dated February 10, 2026, and subsequently disclosed by the bank under Regulation 30 read with Schedule III of the SEBI Listing Regulations.
Acquisition Timeline and Conditions
The RBI has permitted I-Pru AMC to complete the proposed acquisition within one year from the date of the approval letter. The aggregate holding of I-Pru AMC along with group entities of ICICI Bank must not exceed 9.95% of the paid-up share capital or voting rights of RBL Bank at any time.
The approval is subject to compliance with:
- The Banking Regulation Act, 1949
- Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025
- The Foreign Exchange Management Act, 1999
- Regulations issued by the Securities and Exchange Board of India
- Other applicable statutes, regulations and guidelines
Current Shareholding Position
As of February 6, 2026, mutual funds managed by I-Pru AMC along with group entities of ICICI Bank held 1.14% of the equity share capital of RBL Bank.