RBI OKs ICICI Pru AMC, group cos' 9.95% stake buy in Equitas Small Fin Bank
This story was originally published at 18:58 IST on 11 February 2026
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--RBI OKs ICICI Pru AMC, group cos' 9.95% stake buy in Equitas Small Fin Bk
MUMBAI – The Reserve Bank of India Wednesday granted approval to ICICI Prudential Asset Management Co. Ltd. and group entities of ICICI Bank Ltd. to acquire up to 9.95% stake in Equitas Small Finance Bank.
"...the Bank has received an intimation dated February 10, 2026 from RBI today at 16:37 hours (1637 IST) regarding the approval granted to M/s. ICICI Prudential Asset Management Company Limited along with group entities of ICICI Bank Limited to acquire "aggregate holding" of up to 9.95% of the paidup equity capital or voting rights in ESFBL (Equitas Small Finance Bank)," the small finance bank said in an exchange filing.
Equitas Small Finance Bank's net profit for the December quarter rose nearly 36% on year to INR 900.28 million. Sequentially, the lender's net profit rose more than 273%. ICICI Prudential Asset Management Co. Ltd.'s net profit for the December quarter jumped 45.1% on year to INR 9.17 billion.
On Wednesday, shares of Equitas Small Finance Bank closed 0.6% lower at INR 68.29 on the National Stock Exchange, while Shares of ICICI Prudential Asset Management Co. closed 0.4 lower at INR 3,045.20. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Pratiksha
Edited by Akul Nishant Akhoury
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