ICICI AMC to acquire up to 9.95% stake in IDFC and 3 other banks; Do you hold any?

Synopsis: Banking stocks gained attention after the RBI approved up to 9.95% stake acquisition by a major AMC and its group entities in multiple private lenders. The approvals, dated February 10–11, 2026, are valid for one year and subject to regulatory compliance, potentially increasing institutional participation.

Bank Nifty appears to be consolidating near recent highs, indicating a healthy pause after a strong rally. The index is sustaining above its previous breakout zone, keeping the broader bullish structure intact. RSI has flattened but remains positive. Immediate support stands at 60,000, while a decisive breakout above 61,000 with strong volume could trigger fresh upside momentum.

Federal Bank

Federal Bank is a leading private sector bank in India with a strong presence in retail, corporate, and NRI banking. Headquartered in Kerala, it has built a diversified loan book and a robust digital platform. The bank focuses on steady asset quality, technology adoption, and expanding its nationwide footprint.

With a market capitalization of Rs 70,685.27 crore, the shares were trading at Rs 287.10 per share, decreasing around 1.34 percent as compared to the previous closing price.

The Federal Bank has received RBI approval on February 11, 2026, allowing ICICI Prudential Asset Management Company and its group entities to acquire up to 9.95% of the bank’s paid-up share capital or voting rights. The approval is subject to specified regulatory conditions under SEBI listing regulations.

Equitas Small Finance Bank

Equitas Small Finance Bank operates with a focus on financial inclusion, serving microfinance, small businesses, and retail customers. It has steadily diversified into vehicle finance and affordable housing loans. The bank emphasizes digital initiatives, granular lending, and expanding its customer base across semi-urban and rural India.

With a market capitalization of Rs 7,759.86 crore, the shares were trading at Rs 68.01 per share, decreasing around 0.34 percent as compared to the previous closing price.

The bank has received RBI approval allowing ICICI Prudential Asset Management Company and ICICI Bank group entities to acquire up to 9.95% stake in ESFBL. The approval, dated February 10, 2026, is subject to compliance with banking, FEMA, SEBI regulations, and other applicable statutory guidelines.

IDFC First Bank

IDFC First Bank is a private sector lender known for its retail-focused transformation strategy. The bank has shifted toward high-quality retail deposits and loans while strengthening its CASA ratio. With a growing digital presence and diversified portfolio, it aims to deliver sustainable profitability and improved asset quality.

With a market capitalization of Rs 70,768.04 crore, the shares were trading at Rs 82.31 per share, decreasing around 0.28 percent as compared to the previous closing price.

RBI has granted approval to ICICI Prudential Asset Management Company and ICICI Bank group entities to acquire up to 9.95% stake in IDFC First Bank. The approval is subject to regulatory compliance and must be executed within one year, failing which it will lapse, with aggregate holding capped at 9.95%.

Bandhan Bank

Bandhan Bank started as a microfinance institution and later transitioned into a full-fledged private sector bank. It maintains a strong presence in eastern and northeastern India. The bank focuses on microloans, retail banking, and MSME lending while gradually diversifying its portfolio and improving asset quality metrics.

With a market capitalization of Rs 27,080.43 crore, the shares were trading at Rs 168.10 per share, decreasing around 0.09 percent as compared to the previous closing price.

RBI has granted approval to ICICI Prudential Asset Management Company, along with ICICI Bank group entities, to acquire up to 9.95% stake in Bandhan Bank. The approval is valid for one year and is subject to regulatory compliance. The aggregate holding must not exceed 9.95%, and prior RBI approval will be needed if it falls below 5% and is increased again.

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