ICICI Bank gets RBI approval to make I-Process Services wholly-owned subsidiary
- ICICI Bank has received approval from the Reserve Bank to make I-Process Services (India) Private Ltd a wholly-owned subsidiary of ICICI Bank, subject to receipt of requisite regulatory and statutory approval.
- I-Process Services (India) Private Ltd was set up in 2005 to provide staffing solutions services for some of India’s top financial institutions.
- ICICI Bank currently holds a 19 percent stake in iProcess.
Source: Business Standard