ICICI Bank Receives SEBI Warning Letter

ICICI Bank Ltd has received a warning letter from the Securities and Exchange Board of India (SEBI) dated June 1, 2026. The letter, received on June 2, 2026, cites a violation where the bank, acting as a Custodian, allowed a Foreign Portfolio Investor (FPI) to repatriate funds before the committed retention period under the Voluntary Retention Route. This action contravened RBI Master Directions and SEBI FPI Regulations. The bank stated that this incident has no material impact on its financial performance, operations, or other activities. The delay in submitting this disclosure was attributed to an inadvertent internal delay.