ICICI Bank Gets RBI Nod To Make ICICI Securities Wholly Owned Subsidiary


ICICI Bank Ltd. has received approval from the Reserve Bank of India for making brokerage firm ICICI Securities Ltd. a wholly owned subsidiary.The central bank’s nod is subject to certain conditions, while it awaits other required statutory and regulatory approvals, the company said in an exchange filing on Thursday.In June, the private lender had approved a proposal to delist ICICI Securities and become a wholly owned subsidiary of …



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