ICICI Bank (IBN) cleared by RBI to take up to 9.95% stakes in eight banks

Rhea-AI Filing Summary

ICICI Bank Limited reported that the Reserve Bank of India has approved an application by ICICI Prudential Asset Management Company, together with ICICI Bank group entities, to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights in several Indian banks.

The approval covers Bandhan Bank, City Union Bank, Equitas Small Finance Bank, Federal Bank, IDFC First Bank, HDFC Bank, The Karur Vysya Bank and RBL Bank. The applicant must acquire a major shareholding within one year from the RBI approval letters, otherwise the approval will be cancelled.

The approval was granted under RBI’s Master Direction on acquisition and holding of shares or voting rights in commercial banks, and ICICI Bank received formal intimation and access to the detailed approval letters in February 2026.

Insights

Banking regulation and strategy analyst

RBI clears ICICI group to build minority stakes across multiple Indian banks.

The approval allows ICICI Prudential Asset Management, together with ICICI Bank group entities, to hold up to 9.95% in eight listed Indian banks. This sits just below typical 10% regulatory thresholds, indicating a structured, regulator-reviewed approach to cross-bank shareholdings.

The permission is granted under RBI’s consolidated Master Direction on acquisition and holding of shares or voting rights in commercial banks. The requirement to acquire a “major shareholding” within one year, or else lose the approval, introduces a clear timing constraint on any build-up of these positions.

Any actual stakes will depend on market conditions and investment decisions taken within that one-year window. Future disclosures in company communications and regulatory reports would clarify whether and how these approved holdings are utilized in Bandhan Bank, HDFC Bank and the other named institutions.

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 February 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 to the Indian stock exchanges:

We wish to inform you that ICICI Bank Limited (“the Bank”) has received approvals from the Reserve Bank of India (“RBI”), through different letters dated February 10, 2026 which permits ICICI Prudential Asset Management Company Limited (Applicant), along with group entities of the Bank, to acquire an “aggregate holding” of up to 9.95% of the paid-up share capital or voting rights in each of the banks as follows:

Sr. no.	Banking company
1	Bandhan Bank Limited
2	City Union Bank Limited
3	Equitas Small Finance Bank Limited
4	Federal Bank Limited
5	IDFC First Bank Limited
6	HDFC Bank Limited
7	The Karur Vysya Bank Limited
8	RBL Bank Limited

The approval requires the Applicant to acquire major shareholding within a period of one year from the date of RBI letter failing which, the approval would stand cancelled. The approval is pursuant to the application made in accordance with the Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023, now consolidated as Reserve Bank of India (Commercial Banks - Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated November 28, 2025 (Master Direction). Accordingly, the term “aggregate holding” shall be construed as per the said Master Direction.

The Bank received an email intimation from RBI on February 10, 2026 at 6:47 p.m. intimating that its application has been approved. The Bank could download the approval letters from the PRAVAAH portal of RBI on February 11, 2026 at 5:54 p.m. to ascertain the details of approval accorded.

You are requested to kindly take note of the above.

ICICI Bank Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India. Tel.: 022- 4008 8900
Email:companysecretary@icici.bank.in
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	: February 11, 2026	By:	/s/  Vivek Ranjan
		Name:	Vivek Ranjan
		Title:	Associate Leadership Team

ICICI Bank Limited
ICICI Bank Towers
Bandra-Kurla Complex
Mumbai 400 051, India. Tel.: 022- 4008 8900
Email:companysecretary@icici.bank.in
Website www.icici.bank.in
CIN.: L65190GJ1994PLC021012

Regd. Office: ICICI Bank Tower, Near Chakli Circle,
Old Padra Road, Vadodara 390007. India

FAQ

What regulatory approval did ICICI Bank (IBN) receive from the RBI in February 2026?

ICICI Bank received RBI approval for ICICI Prudential Asset Management and group entities to acquire up to 9.95% in several Indian banks. The permission follows RBI’s Master Direction on acquisition and holding of shares or voting rights in commercial banks issued in November 2025.

Which banks are covered by the RBI approval mentioned in ICICI Bank’s (IBN) 6-K filing?

The approval covers Bandhan Bank, City Union Bank, Equitas Small Finance Bank, Federal Bank, IDFC First Bank, HDFC Bank, The Karur Vysya Bank and RBL Bank. ICICI Prudential Asset Management and ICICI group entities may acquire up to 9.95% in each of these banks.

What is the 9.95% aggregate holding limit granted to ICICI Bank (IBN) group entities?

The RBI approval permits ICICI Prudential Asset Management and ICICI Bank group entities to hold an aggregate stake of up to 9.95% of the paid-up share capital or voting rights in each specified bank. The term “aggregate holding” is defined by RBI’s Master Direction for commercial banks.

Is there a time limit for ICICI Bank (IBN) to use the RBI shareholding approval?

Yes. The approval requires the applicant to acquire a major shareholding within one year from the date of the RBI letters. If this condition is not met within that period, the approval automatically stands cancelled as per the terms communicated to ICICI Bank.

Under which RBI framework was ICICI Bank’s (IBN) shareholding approval granted?

The approval was granted under the Reserve Bank of India’s Master Direction titled “Commercial Banks - Acquisition and Holding of Shares or Voting Rights” Directions, 2025. This consolidates earlier guidelines from January 2023 on acquiring and holding shares or voting rights in banking companies.

How and when did ICICI Bank (IBN) receive formal confirmation of the RBI approval?

ICICI Bank received an email from RBI on February 10, 2026, confirming that its application was approved. The bank then downloaded the detailed approval letters from RBI’s PRAVAAH portal on February 11, 2026, to review the specific terms and conditions.