RBI OKs ICICI Bank To Raise Stake In Subsidiary

• RBI OKs ICICI Bank increasing ICICI Prudential AMC stake up to 2%.
• ICICI aims to maintain majority holding after Prudential PLC stake sale.
• ICICI Bank stock up 1.13% Sept 15; strong long-term returns reported.

The Reserve Bank of India (RBI) has approved ICICI Bank to raise its stake in its subsidiary ICICI Prudential Asset Management Company Limited (ICICI Prudential AMC)

up to 2 per cent. In an exchange filling ICICI Bank said that "Reserve Bank of India has, vide its letter dated September 12, 2025, accorded its approval to the Bank for purchase of additional shareholding of up to 2% in the Company, to maintain its majority shareholding, subject to compliance with applicable regulations." This move will help maintain the bank's majority stake in the asset management firm and abide by relevant regulatory requirements.

ICIC Bank Stake Buy in ICICI Prudential

ICICI Bank announced through a regulatory filing on June 27 that its board of directors had agreed to the purchase of an additional 2 per cent stake in ICICI Prudential AMC. The bank at present owns a 51 per cent stake in the fund house, and the remaining 49 per cent is held by its joint venture partner, British-based Prudential PLC.

The move follows Prudential PLC's intentions to partially divest its interest in the asset management division by listing. Last month, in February, ICICI Bank had said it would still maintain majority control of ICICI Prudential AMC despite its JV partner's intended public listing and partial stake sale.

ICICI Bank Share Price Performance

ICICI Bank's stock price has presented a varied performance over various time periods. In the last month, the company's stock has been largely flat, while it has delivered a robust 14 per cent return over the past half-year.

On a year-to-date (YTD) basis, the bank stock has appreciated by 10.37 per cent, and on a one-year horizon, it has risen 13.31 per cent. In the long term, ICICI Bank has produced strong returns, going up 282.98 per cent over the last five years and returning multibagger gains of 483.54 per cent over the last decade.

On September 15, 2025, the stock closed 1.13 per cent higher at Rs 1,417.60 on the NSE.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)