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SBI, ICICI Bank Acquire 9.54% Stake Each In Perfios Account Aggregation Services
The investments would be subject to the approval of Reserve Bank of India.
28 Jun 2022, 11:56 PM IST 
![<div class="paragraphs"><p>Auto rickshaws wait in front of the head office of State Bank of India in New Delhi. [REUTERS/Anindito Mukherjee]</p></div>](https://media.assettype.com/bloombergquint%2F2022-06%2F07d0b73a-0272-4a1e-a091-64bb49475e40%2F2013_08_12T120000Z_1990777871_GM1E98C1AXF02_RTRMADP_3_SBI.JPG?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&w=200)
Auto rickshaws wait in front of the head office of State Bank of India in New Delhi. [REUTERS/Anindito Mukherjee]
State Bank of India and ICICI Bank on Tuesday acquired 9.54% stake each in Perfios Account Aggregation Services Pvt. Ltd. (Perfios AA).
Both the banks acquired 8,05,520 equity shares each by paying Rs 4.03 crore each for the stakes.
The lenders bought the shares at a price of Rs 50 apiece, according to regulatory filings.
The investments would be subject to the approval of Reserve Bank of India.
Both the banks disclosed that they or their associates or subsidiaries, in the normal course of business, may have business dealings with Perfios AA at an arm's length.
The Bengaluru-based Perfios AA had a turnover of Rs 0.09 crore (provisional) and a profit of Rs 3.4 crore (provisional) in FY22.