The Reserve Bank of India (RBI) has granted approval to ICICI Prudential Asset Management Company Limited (I-Pru AMC) and its group entities to acquire an aggregate holding of up to 9.95% in RBL Bank Limited. This approval, dated February 10, 2026, is subject to various regulatory compliances, including adherence to the Banking Regulation Act. As of early February 2026, the current holding by the group stood at 1.14% of the total equity.
Regulatory Approval Secured for Shareholding Increase
RBL Bank announced that it received approval from the Reserve Bank of India (RBI) via a letter dated February 10, 2026. This approval permits ICICI Prudential Asset Management Company Limited (I-Pru AMC), along with other group entities of ICICI Bank Limited, to increase their combined shareholding in RBL Bank.
The maximum permissible “aggregate holding” allowed by the RBI is set at up to 9.95% of the bank’s paid-up share capital or voting rights. This clearance follows an application submitted by I-Pru AMC to the regulator.
Conditions and Holding Limits
The RBI’s approval is contingent upon strict adherence to several applicable laws and directions, including the provisions of the Banking Regulation Act, 1949, and specific RBI Directions concerning the acquisition and holding of bank shares. I-Pru AMC is required to complete the acquisition of this major shareholding within a period of one year from the date of the RBI Letter.
Crucially, the aggregate holding of the I-Pru AMC group must not exceed 9.95% of the bank’s capital or voting rights at any time. Furthermore, a specific condition mandates that if the aggregate holding ever falls below 5%, any future attempt to increase the stake back to 5% or more will require fresh, prior approval from the RBI.
Current Shareholding Context
As of February 6, 2026, the disclosure notes that Mutual Funds managed by I-Pru AMC, together with other ICICI Bank group entities, held 1.14% of the equity share capital of RBL Bank.
Source: BSE
