RHB Capital Bhd. (1066.KU) said Wednesday it is seeking approval from the Malaysian central bank for a proposed merger with OSK Holdings Bhd.'s (5053.KU) investment banking business.

In a separate statement to the stock exchange, OSK Holdings said it has also applied for approval from Bank Negara Malaysia.

In October, both companies received approval from the central bank to commence negotiations for a possible merger.

On Wednesday, both the banks said further announcements will be made in due course.

-By Ankur Relia, Dow Jones Newswires; 603-2026-1233; ankur.relia@dowjones.com