The approval granted by the Reserve Bank of India (RBI) is subject to the compliance with the relevant provisions of the Banking Regulation Act, 1949, RBI s Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023, it said.
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.