RBI allows ICICI Pru AMC, group cos to buy up to 9.95% stake in Federal Bank
This story was originally published at 18:59 IST on 11 February 2026
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--Federal Bk: RBI OKs ICICI Pru AMC, ICICI group cos to buy 9.95% stake in bk
MUMBAI – The Reserve Bank of India has allowed ICICI Prudential Asset Management Co. Ltd. and group entities of ICICI Bank Ltd. to buy up to 9.95% stake in Federal Bank.
"...we wish to inform you that The Federal Bank Ltd ("the Bank") has received an intimation from the RBI on February 11, 2026, that it has accorded its approval to ICICI Prudential Asset Management Company Limited, Along with group entities of ICICI Bank Limited for acquiring "aggregate holding" of up to 9.95% of the paid up Share Capital or Voting Rights of the Bank subject to the conditions specified therein," Federal Bank said in an exchange filing.
The Kerala-based Federal Bank's net profit for the December quarter rose nearly 9%, both on year and on quarter, to INR 10.41 billion. ICICI Prudential Asset Management Co.'s net profit for the December quarter jumped 45.1% on year to INR 9.17 billion.
Shares of Federal bank Wednesday ended 2.9% higher at INR 290.50 on the National Stock Exchange. ICICI Prudential AMC's shares ended 0.4% lower at INR 3,045.20 on the NSE. End
Reported by Shubham Rana
Edited by Akul Nishant Akhoury
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