RBI gives ICICI AMC approval to raise stake in HDFC Bank to 9.95% | Banking
HDFC Bank, India’s largest bank by market capitalization, is valued at approximately $157 billion.
The central bank of India has given approval to ICICI Prudential Asset Management Company and other ICICI group entities to increase their stake in HDFC Bank by up to 9.95 per cent, HDFC said in a filing late on Wednesday.
It was stated that ICICI group entities held a total of 4.07 percent shares in the lender as of February 6. HDFC Bank, India’s largest bank by market capitalization, is valued at approximately $157 billion.
Following ICICI AMC’s application, the approval of the Reserve Bank of India is valid for one year. ICICI and its group entities must also ensure that their holdings in HDFC Bank do not exceed 9.95 per cent at all times.
If ICICI group’s stake in the lender falls below 5 per cent, it will need fresh RBI approval to increase the stake to 5 per cent or more.
(Only the headline and image of this report may have been re-worked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Publication Date: February 12, 2026 | 6:55 IST
