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ICICI Bank gets time extension to divest stake in ICICI Lombard General Insurance

13 Mar 2023 Evaluate

ICICI Bank has received approval from Reserve Bank of India (RBI) for extension of time till September 9, 2024 for divesting the Bank’s shareholding in ICICI Lombard General Insurance Company (Company) to less than 30% of the Company’s paid up capital.

ICICI Bank is a leading private sector bank in India.

Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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