RBI grants approval to ICICI Prudential AMC to acquire 9.95% of Paid-up share capital of Federal Bank and Equitas Small Finance Bank

The Reserve Bank of India has intimated two banking organizations namely Federal Bank and Equitas Small Finance Bank Ltd that it has accorded its approval to ICICI Prudential Asset Management Company Limited, 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.

Both the organizations have informed the exchanges about this approval.

This approval by RBI is subject to compliance with the relevant provisions of Banking Regulation Act, 1949, Reserve Bank of India (Commercial Banks-Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated November 28, 2025 (as amended from time to time), provisions of the Foreign Exchange Management Act, 1999, regulations issued by Securities and Exchange Board of India, and any other statutes, regulations and guidelines as applicable.

This is valid for a period of one year from the date of the approval.