ICICI Bank gets RBI nod to increase up to 4% stake in subsidiary ICICI Lombard
ICICI Bank received approval from the Reserve Bank of India (RBI) to raise its stake in ICICI Lombard General Insurance Company by up to 4% in multiple tranches. The private lender currently holds a 48.01% share in ICICI Lombard. The second-largest private bank received the RBI nod on Friday, it said in a filing to … Read more