ICICI Bank (IBN) secures approval to make ICICI PFM a wholly owned unit
Rhea-AI Filing Summary
ICICI Bank Limited reports that the Pension Fund Regulatory and Development Authority has, by letter dated January 5, 2026, accorded its approval for the Bank’s proposed acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company Limited (ICICI PFM) from ICICI Prudential Life Insurance Company Limited. This step would make ICICI PFM a wholly owned subsidiary of the Bank and allow the Bank to become a sponsor of ICICI PFM, subject to compliance with certain conditions set by the regulator. The approval follows earlier disclosures on July 19, 2025 and November 28, 2025 regarding the proposed transaction.
Positive
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Negative
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Insights
Regulatory approval advances ICICI Bank’s full ownership of ICICI PFM, subject to conditions.
The disclosure states that the Pension Fund Regulatory and Development Authority has accorded approval for ICICI Bank to acquire 100% of ICICI Prudential Pension Funds Management Company Limited from ICICI Prudential Life Insurance Company Limited. This would make ICICI PFM a wholly owned subsidiary and permit the Bank to become its sponsor, aligning pension fund management more directly with the Bank’s group structure.
The approval is explicitly described as being subject to compliance with certain conditions, so completion and timing of the acquisition depend on meeting these regulatory requirements and any other closing conditions that may apply. The filing does not quantify the transaction value or outline financial impacts, so the direct effect on earnings or capital cannot be assessed from this information alone.
The earlier disclosures referenced as
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of
January 2026
Commission File Number: 001-15002
ICICI Bank Limited
(Translation of registrant’s name into English)
ICICI Bank Towers,
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)
Indicate by check
mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
| Form 20-F X | Form 40-F |
Table of Contents
Items:
1. Other news
OTHER NEWS
Subject: Disclosure under Indian Listing Regulations
IBN
ICICI Bank Limited (the ‘Bank’) Report on Form 6-K
The Bank has made the below announcement with the Indian Stock Exchanges:
This is further to the disclosures made by ICICI Bank Limited (the Bank) on July 19, 2025 and November 28, 2025 regarding the proposed acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company Limited (ICICI PFM) from ICICI Prudential Life Insurance Company Limited to make ICICI PFM a wholly owned subsidiary of the Bank.
Pension Fund Regulatory and Development Authority has, vide its letter dated January 5, 2026 (received by the Bank yesterday at 6:21 p.m.) accorded its approval to the Bank for the above and for the Bank to become a sponsor of ICICI PFM subject to compliance with certain conditions.
Please take the above information on record.
ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India. |
Tel.: 022- 4008 8900 Email:companysecretary@icicibank.com Website www.icici.bank.in CIN.: L65190GJ1994PLC021012 |
Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390007. India |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.
For ICICI Bank Limited | ||||
| Date | : January 06, 2026 |
By: | /s/ Prachiti Lalingkar | |
| Name: | Prachiti Lalingkar | |||
| Title: | Company Secretary | |||
ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India. |
Tel.: 022- 4008 8900 Email:companysecretary@icicibank.com Website www.icici.bank.in CIN.: L65190GJ1994PLC021012 |
Regd. Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390007. India |
FAQ
What did ICICI Bank (IBN) disclose in this January 2026 report?
ICICI Bank disclosed that the Pension Fund Regulatory and Development Authority has accorded its approval for the Bank to acquire 100% of ICICI Prudential Pension Funds Management Company Limited (ICICI PFM) from ICICI Prudential Life Insurance Company Limited and for the Bank to become a sponsor of ICICI PFM, subject to certain conditions.
What is the planned ownership structure of ICICI Prudential Pension Funds Management Company Limited after the transaction?
Following completion of the approved transaction, ICICI Bank intends for ICICI PFM to become a wholly owned subsidiary of the Bank.
Which regulator approved ICICI Bank’s proposed acquisition of ICICI PFM and when was the approval dated?
The Pension Fund Regulatory and Development Authority issued an approval letter dated January 5, 2026, which the Bank reports it received on that date at 6:21 p.m.
Are there any conditions attached to the approval for ICICI Bank (IBN) to acquire ICICI PFM?
Yes. The approval for the acquisition and for ICICI Bank to become a sponsor of ICICI PFM is stated to be subject to compliance with certain conditions specified by the Pension Fund Regulatory and Development Authority.
Which earlier disclosures did ICICI Bank reference in connection with the ICICI PFM acquisition?
The Bank referred to prior disclosures made on July 19, 2025 and November 28, 2025 about the proposed acquisition of 100% shareholding in ICICI PFM from ICICI Prudential Life Insurance Company Limited.
Does this report state that ICICI Bank has completed the ICICI PFM acquisition?
The report states that regulatory approval has been accorded for the proposed acquisition and sponsor status, subject to conditions. It does not state that the acquisition has been completed.
