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ICICI Bank gets nod from RBI to make I-Process Services as wholly-owned subsidiary

09 Sep 2023 Evaluate

ICICI Bank has received a green signal from the Reserve Bank of India (RBI) for making I-Process Services (India) as its wholly-owned subsidiary, subject to certain conditions. The bank currently holds a 19 per cent stake in iProcess. 

Started in 2005, I-Process Services (India) was set up to provide staffing solutions services for some of India's top financial institutions. With in-depth experience across recruitment, HR operations, payroll, compliance and training, I-Process can smartly negotiate market challenges and evolving social dynamics to always offer cutting-edge solutions. 

ICICI Bank is a leading private sector bank in India.


Peers
Company Name CMP
HDFC Bank 703.10
ICICI Bank 1316.00
Axis Bank 1226.20
Kotak Mahindra Bank 415.20
Indusind Bank 884.45
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