RBI approves ICICI AMC for 9.95% stake in Karur Vysya Bank
after close1 source ↓written by the desknot a recommendation
- acquiring
- 9.95%
- dated
- 10 February 2026
The Reserve Bank of India has granted approval to ICICI Prudential Asset Management Company Ltd for acquiring up to 9.95% of Karur Vysya Bank's paid-up share capital. This approval, dated 10 February 2026, allows ICICI AMC and its group entities to enhance their stake in the private sector bank.
This move may strengthen ICICI's position in the banking sector and could influence market sentiment around both entities.
Not investment advice. For informational purposes only.