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The board of the financial institution had, at its assembly held on February 17-18, 2023, permitted a proposal for making I-Course of Companies (India) Non-public Restricted (iProcess) a wholly-owned subsidiary of the financial institution, topic to receipt of requisite regulatory and statutory approval.
The financial institution has obtained approval from the Reserve Financial institution of India for making iProcess its wholly-owned subsidiary, topic to sure circumstances, ICICI Financial institution stated in a regulatory submitting.
The financial institution at the moment holds a 19 per cent stake in iProcess, it stated.
Began in 2005, I-Course of Companies (India) Non-public Ltd was set as much as present staffing options providers for a few of India’s high monetary establishments.
With in-depth expertise throughout recruitment, HR operations, payroll, compliance and coaching, I-Course of can neatly negotiate market challenges and evolving social dynamics to at all times supply cutting-edge options.
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