ICICI Bank Ltd.

BSE: 532174 | NSE: ICICIBANK
Large Cap | Bank - Private
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ICICI Bank gets nod from RBI to make I-Process Services as wholly-owned subsidiary

Date: 09-09-2023

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.