RBI approves ICICI Pru AMC to acquire up to 9.95% stake in RBL Bank
RBLBANK · price
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On the reaction day the stock moved 3.1 pts more than Nifty Smallcap 250 and 3.4 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RBI has approved ICICI Prudential AMC along with ICICI Bank group entities to acquire up to 9.95% of RBL Bank's paid-up share capital or voting rights. Approval is valid for one year. I-Pru AMC mutual funds already hold 1.14% as of February 6, 2026, so they can raise their stake by roughly 8.8%. If aggregate holding falls below 5% at any point, fresh RBI approval will be needed to lift it back to 5% or more.
Strong vote of confidence by the ICICI group in RBL Bank; likely positive for stock sentiment and could attract more institutional interest.