RBI nod allows ICICI Prudential, ICICI Bank group to buy up to 9.95% stake in Federal Bank

The Federal Bank Ltdon Wednesday said it has received approval from the Reserve Bank of India (RBI) allowing ICICI Prudential Asset Management Company Ltd, along with group entities of ICICI Bank Ltd, to acquire an aggregate holding of up to 9.95% of the bank’s paid-up share capital or voting rights.

In a regulatory filing, the private sector lender said the RBI conveyed its approval on February 11, 2026.

The approval is subject to compliance with the relevant provisions of the Banking Regulation Act, 1949, the Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated November 28, 2025 (as amended from time to time), the Foreign Exchange Management Act, 1999, SEBI regulations, and other applicable laws and guidelines.

Also Read: Federal Bank Q3 Results: Profit, NII beat expectations, asset quality improves; Stock jumps 9%

Federal Bank said the approval has been granted subject to conditions specified by the RBI.

Federal Bank Ltdshares were trading higher on Wednesday, rising 2.82% to ₹290.20 on the NSE. The stock gained ₹7.95 during the session.