Today news
About the same in other media
RBI geenlights ICICI AMC's 9.95 per cent stake acquisition in Federal Bank
Reading now: 736
The Federal Bank on Thursday that it has received the approval from Reserve Bank of India (RBI) to permit ICICI Prudential Asset Management Company (ICICI AMC) to acquire an aggregate holding of up to 9.95 percent of stake in the bank.
«The Federal Bank Ltd (“Bank”) has received an intimation from the Reserve Bank of India (“RBI”) on December 28, 2023, that it has accorded its approval to ICICI Prudential Asset Management Company Ltd.
(ICICI AMC) for acquiring aggregate holding of up to 9.95% of the paidup Share Capital or Voting Rights of the Bank subject to the conditions specified therein,» the bank said in a release.
More to come...
About this in other media
Virat Kohli and Novak Djokovic's surprising friendship takes center stage as Australian Open commences economictimes.indiatimes.com /10 months ago
RBI imposes fine on Dhanlaxmi Bank, ESAF Small Finance Bank, Punjab and Sind Bank over non-compliances livemint.com /10 months ago
India's GDP likely to grow by 6.9-7.2 per cent in FY'24: Deloitte livemint.com /10 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
