Karur Vysya Bank on Friday said the Reserve Bank of India has accorded approval to ICICI Prudential Asset Management Company Ltd (ICICI AMC) for acquiring aggregate holding of up to 9.95 per cent of the paid-up share capital or voting rights of The Karur Vysya Bank Ltd. The approval has been granted with reference to the application made by ICICI AMC to RBI, Karur Vysya Bank said in a regulatory filing.The approval granted by the Reserve Bank of India (RBI) is subject to the compliance with the relevant provisions of the Banking Regulation Act, 1949, RBI’s Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023, it…
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RBI permits ICICI Pru Mutual Fund to acquire 9.95 per cent stake in Karur Vysya Bank
