ICICI Bank Can Evade RBI’s Holding Co Order
ICICI Bank 
may possibly form the alternative banking holding structure that the Reserve Bank of India has projected in its discussion paper.
India’s prime private sector banking institution could shift its insurance, banking and asset management business to divide subsidiaries including ICICI Bank, ICICI Prudential Life Insurance, and ICICI Pru AMC.
After that, ICICI could assign a new name to the holding company, which is the original banking corporation, as ICICI Holdings that leaves the subsisting shareholding pattern totally unaffected.
ICICI Holdings would then hold majority stakes in its banking, insurance, and mutual fund businesses, therefore satisfying RBI’s discussion paper recommendations.
But professionals said the structure could come at a huge cost.
