NEWS
ICICI Bank gets RBI nod to make I-Process wholly owned subsidiary
ICICI Bank currently holds 19% stake in I-Process Services (India), which was set up to provide staffing solutions services for financial institutions.
ICICI Bank currently holds 19% stake in I-Process Services (India), which was set up to provide staffing solutions services for financial institutions.
The Reserve Bank of India (RBI) has given approval to ICICI Bank to make I-Process Services (India) Private Ltd its wholly-owned subsidiary.
The board of the bank had, at its meeting held on February 17-18, 2023, approved a proposal for making I-Process Services (India) Private Limited (iProcess) a wholly-owned subsidiary of the bank, subject to receipt of requisite regulatory and statutory approval.
ICICI Bank currently holds a 19% stake in iProcess.
Started in 2005, I-Process Services (India) Private Ltd was set up to provide staffing solutions services for some of India's top financial institutions.
With in-depth experience across recruitment, HR operations, payroll, compliance and training, I-Process can smartly negotiate market challenges and evolving social dynamics to always offer cutting-edge solutions.
