The Reserve Bank of India (RBI) has accorded its approval to ICICI Prudential Asset Management Company (ICICI Prudential AMC) to acquire aggregate holding of up to 9.95% of the paid-up share capital or voting rights in DCB Bank. The approval has been granted with reference to the application made by the ICICI Prudential AMC to the RBI.
DCB Bank is a modern emerging new generation private sector bank. It is a scheduled commercial bank regulated by the Reserve Bank of India.