iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

ICICI Bank gets RBI green signal to make I-Process its wholly-owned subsidiary

11 Sep 2023 , 11:37 AM

ICICI Bank announced on Friday that it has received the Reserve Bank’s approval to make I-Process Services (India) Private Ltd a wholly-owned subsidiary of the bank.

At its meeting on February 17-18, 2023, the bank’s board of directors approved a proposal to make I-Process Services (India) Private Limited (iProcess) a wholly-owned subsidiary of the bank, subject to regulatory and statutory approval.

The bank said in its filing with the bourses that the bank has received approval from the Reserve Bank of India for iProcess its wholly-owned subsidiary, subject to terms & conditions.

Currently, the bank holds a 19% stake in iProcess.

I-Process Services (India) Private Ltd was founded in 2005 to provide workforce solutions to some of India’s leading financial institutions.

With extensive experience in recruitment, HR operations, payroll, compliance, and training, I-Process can navigate market constraints and changing societal dynamics to provide cutting-edge solutions at all times.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • ICIC Bank
  • ICIC Bank News
  • ICIC Bank Subsidiary
  • ICIC Bank Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

SBI Card Q4 Profit Slips 20%
25 Apr 2025|11:17 PM
HUL Q4 Net Profit Rises to ₹2,493 Crore
25 Apr 2025|10:59 PM
Sensex and Nifty in Red on April 25, 2025
25 Apr 2025|02:08 PM
Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.