CSB Bank Limited has received approval from the Reserve Bank of India (RBI) for ICICI Prudential Asset Management Company Limited to acquire an ‘aggregate holding’ of up to 9.95% of the paid-up share capital or voting rights in the bank. This approval is subject to compliance with applicable regulations and directions from the RBI and SEBI.
RBI Greenlights ICICI Prudential Stake in CSB Bank
CSB Bank Limited announced on September 8, 2026, that the Reserve Bank of India (RBI) has granted its approval to ICICI Prudential Asset Management Company Limited. The approval permits the acquisition of an ‘aggregate holding’ of up to 9.95% of the paid-up share capital or voting rights in CSB Bank Limited.
Regulatory Compliance
This significant development, conveyed by the RBI via a letter dated September 8, 2026, is subject to the fulfillment of all conditions specified therein. The approval mandates adherence to relevant provisions of the Banking Regulation Act, 1949, and the RBI’s (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025, among other statutes and guidelines.
The intimation has also been made available on the official website of CSB Bank.
Source: BSE
