RBI Approves ICICI Prudential AMC to Acquire Up to 9.95% Stake in DCB Bank

Mumbai: DCB Bank Limited has informed the stock exchanges that the Reserve Bank of India (RBI) has approved ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% of the bank’s paid-up share capital or voting rights.

The bank received the intimation from RBI on September 8, 2026, at 7:40 p.m. IST. DCB Bank disclosed the development on September 9, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Approval

• Applicant: ICICI Prudential Asset Management Company Limited

• Maximum permitted holding: Up to 9.95% of paid-up share capital or voting rights in DCB Bank

• Validity: One year from the date of the RBI letter. If the acquisition of major shareholding is not completed within this period, the approval will stand cancelled.

• Ongoing limit: The applicant must ensure that the aggregate holding does not exceed 9.95% at any time.

The approval is subject to compliance with:

• 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)

• Foreign Exchange Management Act, 1999

• Relevant SEBI regulations

• Any other applicable statutes, regulations, and guidelines

Why This Matters

RBI prior approval is mandatory for any entity seeking to acquire 5% or more of a commercial bank’s share capital or voting rights. The 9.95% ceiling is a standard regulatory threshold under the current Directions. This nod allows ICICI Prudential AMC to increase its exposure in DCB Bank (subject to market purchases or other permitted routes) while remaining within the prescribed limit.

DCB Bank (BSE: 532772 | NSE: DCBBANK) is a private sector bank headquartered in Mumbai. The disclosure was signed by Rubi Chaturvedi, Company Secretary & Compliance Officer.

Timeline and Next Steps

1. RBI letter issued / intimated: September 8, 2026

2. Stock exchange filing: September 9, 2026

3. Acquisition window: One year from RBI letter date

4. Continuous compliance: Holding must stay at or below 9.95%

No further details on the exact quantum of shares currently held by the applicant or the intended mode of acquisition were provided in the filing.

Source: Official stock exchange intimation by DCB Bank Limited (Ref. No. CO:CS:RC:2026-27:131) dated September 9, 2026.

Investors and stakeholders are advised to refer to the full regulatory filing available on the BSE and NSE websites for the complete text. This is a factual summary of the bank’s disclosure and does not constitute investment advice.