ICICI Bank , one of India's leading private sector banks, has achieved a significant milestone in enhancing shareholder rights for its American Depository Shares (ADS) holders. The bank received approval from the Reserve Bank of India (RBI) on October 31, 2025, for amendments to its ADR Deposit Agreement that will grant voting rights to registered ADS holders.

Key Highlights of the Approval

• RBI Approval Date: October 31, 2025
• Board Approval: Previously approved by ICICI Bank's Board in June 2025
• Conditional Voting Rights: ADS holders must demonstrate compliance with Section 12B of the Banking Regulation Act, 1949 and applicable Master Direction Guidelines

Timeline of Events

Implications for ADS Holders

The approval marks a significant step towards empowering ICICI Bank's ADS holders with voting rights. However, it's important to note that these rights come with specific conditions:

1. ADS holders must demonstrate that their holdings comply with Section 12B of the Banking Regulation Act, 1949.
2. Compliance with applicable Master Direction & Guidelines is necessary.
3. The regulations are subject to amendments from time to time.

Regulatory Compliance

ICICI Bank has promptly disclosed this development to various stock exchanges where it is listed, including:

• BSE Limited
• National Stock Exchange of India Limited
• New York Stock Exchange (NYSE)
• Singapore Stock Exchange
• Japan Securities Dealers Association
• SIX Swiss Exchange Ltd.

This move by ICICI Bank represents a significant step towards enhancing corporate governance and shareholder rights for its global investor base. It aligns with international best practices and potentially increases the attractiveness of ICICI Bank's ADS to foreign investors.

As the implementation of these changes progresses, ADS holders and potential investors should stay informed about the specific requirements and procedures for exercising their newly granted voting rights.

ICICI Bank , one of India's leading private sector banks, has announced the allotment of 167,440 equity shares under its Employee Stock Option Scheme (ESOS). This move underscores the bank's commitment to employee incentivization and aligning staff interests with those of shareholders.

Key Details of the Allotment

The allotment was executed under the powers delegated by the ICICI Bank Board of Directors at their meeting held on October 21, 2023.

Implications and Context

This equity share allotment is part of ICICI Bank's long-term employee incentive program, which aims to foster a sense of ownership and align employee interests with the bank's long-term growth objectives. Such schemes are common among large corporations to attract, retain, and motivate key talent.

The allotment, while relatively small compared to ICICI Bank's total equity base, represents an ongoing commitment to employee welfare and engagement.

Recent Financial Performance

According to the latest available data, ICICI Bank has maintained a robust financial position:

• The bank reported a Common Equity Tier 1 (CET 1) ratio of 16.31% as of June 30, 2025, indicating strong capitalization.
• Gross Non-Performing Assets (NPAs) stood at 1.79%, and Net NPAs at 0.44% as of June 30, 2025, reflecting improved asset quality.
• The bank's Return on Assets (RoA) has been consistently strong, reported between 2.40-2.50% during FY2025-Q1 FY2026.

These figures suggest that ICICI Bank is operating from a position of financial strength, allowing it to continue investing in its workforce through programs like the Employee Stock Option Scheme.

Regulatory Compliance

The allotment of shares under the ESOS is in line with regulatory requirements. ICICI Bank has duly informed the stock exchanges about this corporate action, adhering to the disclosure norms set by the Securities and Exchange Board of India (SEBI).

As ICICI Bank continues to navigate the dynamic banking landscape, such employee-centric initiatives are likely to play a crucial role in maintaining its competitive edge and fostering a culture of ownership among its staff.