In the case of RBL Bank, the RBI gave approval to ICICI Prudential Life Insurance Co Ltd, along with ICICI Prudential AMC. RBL Bank informed stock exchanges about the RBI grant in a filing post market hours of Thursday.
RBL Bank share price today: RBL Bank shares climbed 5.67 per cent to hit a high of Rs 284.20 on BSE. RBL Bank in a filing to BSE said the RBI has given its approval to ICICI Pru AMC Ltd and ICICI Pru Life to acquire the stake within one year.
Shares of private sector lender Federal Bank Ltd are trading near their record high. The banking stock touched an all-time high of Rs 159.25 in the previous session. However, the stock saw partial profit-booking and closed 2.76% lower at Rs 153.10 on Wednesday.
The banking shares touched a record high of Rs 158.05, rising 2.59% in early deals today against the previous close of Rs 154.05 on BSE. Market cap of the bank rose to Rs 38,295 crore.