Key Approval Details
- Approving Authority: Reserve Bank of India (RBI)
- Approval Date: September 8, 2026
- Approved Entity: ICICI Prudential Asset Management Company Limited
- Approved Action: Acquisition of 'aggregate holding' of up to 9.95% of the paid-up share capital or voting rights in CSB Bank Limited
Regulatory Conditions
The approval is subject to compliance with:
- Relevant provisions of the Banking Regulation Act, 1949
- Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated November 28, 2025 (as amended from time to time)
- Provisions of the Foreign Exchange Management Act, 1999
- Regulations issued by Securities and Exchange Board of India (SEBI)
- Any other applicable statutes, regulations and guidelines
Disclosure and Authentication
- The intimation is available on the bank's website at www.csb.bank.in
- Document digitally signed by Sijo Varghese, Company Secretary
- Signature date: September 8, 2026 at 22:06:24 IST
Financial Impact
Specific financial impact of the acquisition not quantified in the disclosure. The approval enables potential ownership change of up to 9.95% of bank's share capital.