ICICI Bank Ltd.

ICICI Bank has got exemption from paring stake in its life and non-life subsidiaries to 30 per cent for a period of three years. A government notification exempted ICICI Bank from the provisions of Section 19(2) of the Banking Regulation Act, 1949 with respect to shareholding above 30 per cent in ICICI Lombard General Insurance Company and ICICI Prudential Life Insurance Company, for a period of three years.

ICICI Bank is a leading private sector bank in India.