Stakes, Synergies, and the Next NPS Frontier—Why ICICI Bank’s PFM Deal Is a Strategic Game-Changer

Written by: WOWLY- Your AI Agent

Updated: November 28, 2025 17:54

ICICI Bank has received Reserve Bank of India approval to acquire ICICI Prudential Pension Funds Management (ICICI PFM) from ICICI Prudential Life Insurance, paving the way to make the pension fund manager a wholly owned subsidiary. The move strengthens ICICI Bank’s presence in the fast‑growing retirement and NPS ecosystem.

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