ICICI Bank announced that Pension Fund Regulatory and Development Authority has, vide its letter dated 05 January 2026 (received by the Bank yesterday at 6:21 p.m.) accorded its approval to the Bank for the proposed acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company (ICICI PFM) from ICICI Prudential Life Insurance Company and for the Bank to become a sponsor of ICICI PFM subject to compliance with certain conditions.