RBI Approves ICICI Group to Acquire Up to 9.95% Stake in Federal Bank

• Federal Bank receives RBI approval for ICICI Prudential AMC and ICICI Bank group entities.
• ICICI group can acquire an aggregate holding of up to 9.95% of Federal Bank's paid-up share capital or voting rights.
• RBI conveyed its approval on February 11, 2026.
• Approval is subject to compliance with various acts and regulations, including Banking Regulation Act, 1949 and FEMA, 1999.
• Federal Bank shares rose 2.82% to ₹290.20 on the NSE following the announcement.