ICICI BANK LTD

ICICI Bank Limited and Prudential Corporation Holdings Limited, joint promoters of ICICI Prudential Life Insurance Company Limited, have entered into a Letter of Undertaking. This agreement follows Prudential's definitive agreement to acquire a 75% stake in Bharti Life, necessitating measures to mitigate potential conflicts of interest. As a result, Prudential will seek reclassification from 'promoter' to 'investor' status in ICICI Prudential Life, leading to changes in voting rights and board representation during the transition period. The undertaking clarifies the inter-se rights of both parties and ensures no impact on ICICI Bank's management or control.

ICICI Bank Limited's Board of Directors re-appointed Ms. Vibha Paul Rishi as an Independent Director for a second term, effective from January 23, 2027, until December 31, 2028, pending shareholder approval. The Board also announced that the 32nd Annual General Meeting (AGM) will be held on Friday, August 21, 2026. August 3, 2026, has been fixed as the Record Date for determining members eligible for dividends.

ICICI Bank Limited announced that its Board of Directors will meet on Saturday, July 18, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. In connection with this, the trading window for dealing in the bank's securities will be closed for all Designated Persons and their immediate relatives from July 1, 2026, to July 25, 2026.

ICICI Bank has received approval from the Reserve Bank of India (RBI) to acquire an additional shareholding of up to 2% in its subsidiary, ICICI Prudential Life Insurance Company Limited (ICICI Life). This approval, granted on June 24, 2026, allows the Bank to maintain its shareholding in ICICI Life above 50%. The purchase is subject to compliance with certain conditions.

ICICI Bank Limited received a warning letter from the Securities and Exchange Board of India (SEBI) on June 1, 2026. The warning was issued because the bank, acting as a Custodian, allowed a Foreign Portfolio Investor (FPI) to repatriate funds before the completion of the committed retention period, violating RBI and SEBI regulations. The bank stated that this event has no material impact on its financial, operational, or other activities, and the disclosure was delayed due to an inadvertent internal issue.

ICICI Bank Limited announced the appointment of Mr. Ashwani Bhatia as an Additional (Independent) Director to its Board. The appointment, approved by circulation, is for a five-year term commencing June 1, 2026, and is subject to shareholder approval. Mr. Bhatia brings over 40 years of experience in financial markets and banking, including serving as a Whole Time Member at SEBI and as Managing Director of State Bank of India.

ICICI Bank announced that the Reserve Bank of India (RBI) has approved the re-appointment of Mr. Sandeep Bakhshi as Managing Director & CEO for a period of two years. The re-appointment is effective from October 4, 2026, to October 3, 2028. This follows the Board's unanimous approval on January 17, 2026, and the Bank will now seek shareholder approval.

ICICI Bank announced its intention to retain its majority shareholding in ICICI Prudential Life Insurance Company Limited. This clarification comes after its subsidiary, ICICI Prudential Life, informed the bank about a press release from their joint venture partner, Prudential Corporation Holdings Limited. Prudential Plc is repositioning its India operations by taking a controlling stake in Bharti Life Insurance, prompting ICICI Bank to reaffirm its long-term commitment to ICICI Prudential Life.

ICICI Bank announced that it received approval from the Reserve Bank of India (RBI) for HDFC Bank Limited to acquire an aggregate holding of up to 9.95% of ICICI Bank's paid-up share capital or voting rights. This approval, granted on May 6, 2026, is valid for one year and is contingent upon compliance with relevant statutory and regulatory provisions.

ICICI Bank Limited announced that it received an administrative warning from SEBI on May 4, 2026. The warning pertains to alleged non-compliances related to the Bank's activities as a depository participant, identified during a joint inspection by SEBI and depositories. The Bank is taking corrective action and stated that the warning has no material impact on its financial, operational, or other activities.