United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the month of April 2003
ICICI Bank Limited
(Translation of registrant's name into English)
ICICI Bank Towers,
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [_]
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g 3-2(b) under the
Securities Exchange Act of 1934.
Yes [_] No. [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g 3-2(b).
Not applicable.
INDEX TO EXHIBITS
Item
----
1. A copy of the letter addressed to Vadodara Stock Exchange Limited along
with the Press Release dated April 25, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Dated: April 25, 2003
For ICICI Bank Limited
By : /s/ Jyotin Mehta
----------------
Name : Jyotin Mehta
Title : General Manager & Company Secretary
April 25, 2003
Mr. Dishant Sagwaria
Officiating Executive Director
The Vadodara Stock Exchange Limited
Fortune Towers, Sayajiganj, Post Box No. 2547
Vadodara - 390 005
Dear Sir,
Audited Annual Accounts and Dividend
The Board of Directors of the Bank at its Meeting held today in Mumbai, have
inter alia considered the following matters:
1. The audited annual accounts of the Bank for the year ended March 31, 2003
were approved and taken on record. A copy of the audited annual accounts
in your prescribed format along with a Press Release dated today are
enclosed herewith.
2. A dividend of 0.001 per cent, i. e., Rs.100 per preference share on 350
preference shares of the face value of Rs.1 crore each for the year ended
March 31, 2003 was recommended subject to the approval of the Members of
the Bank at the Ninth Annual General Meeting (AGM).
3. A dividend of 75 per cent, i. e., Rs.7.50 per equity share on 61,30,34,404
equity shares of Rs.10/- each for the year ended March 31, 2003 was
recommended subject to the approval of the Reserve Bank of India and the
Members of the Bank at the Ninth AGM.
Please take the above on record.
Yours faithfully,
/s/ Jyotin Mehta
----------------
Jyotin Mehta
copy to: All recognised stock exchanges
[GRAPHIC] ICICI Bank
ICICI Bank Limited
Registered Office: Landmark, Race Course Circle, Alkapuri, Vadodara - 390 007
Corporate Office : ICICI Bank Towers, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051.
Web site : http://www.icicibank.com Electronic mail : info@icicibank.com
AUDITED FINANCIAL RESULTS
Rs. in crores
--------------------------------------------------------------------------------------------------------
Year ended Three months ended
Sr. Particulars -------------------------------------------------------
No. Mar 31, Mar 31, Mar 31, Mar 31,
2003 2002 2003 2002
--------------------------------------------------------------------------------------------------------
1. Interest earned (a)+(b)+(c)+(d) 9,368.05 2,151.93 2,434.01 677.34
-----------------------------------------------------------------------------------------------
a) Interest/discount on
advances/bills 6,016.24 771.67 1,560.83 191.48
-----------------------------------------------------------------------------------------------
b) Income on investments 2,910.44 1,233.80 711.08 437.51
-----------------------------------------------------------------------------------------------
c) Interest on balances with
Reserve Bank of India and other
interbank funds 235.57 122.62 39.58 40.92
-----------------------------------------------------------------------------------------------
d) Others 205.80 23.84 122.52 7.43
--------------------------------------------------------------------------------------------------------
2. Other Income 3,158.83 574.66 409.43 174.82
-----------------------------------------------------------------------------------------------
A) TOTAL INCOME (1) + (2) 12,526.88 2,726.59 2,843.44 852.16
--------------------------------------------------------------------------------------------------------
3. Interest expended 7,944.00 1,558.92 1,995.64 533.18
--------------------------------------------------------------------------------------------------------
4. Operating expenses (e) + (f) + (g) 2,011.69 622.58 566.76 181.91
-----------------------------------------------------------------------------------------------
e) Payments to and provisions
for employees 403.02 147.18 119.41 36.22
-----------------------------------------------------------------------------------------------
f) Direct Marketing Agency Expenses 162.31 13.60 56.76 4.84
-----------------------------------------------------------------------------------------------
g) Other operating expenses 1446.36 461.80 390.59 140.85
-----------------------------------------------------------------------------------------------
B) TOTAL EXPENDITURE (3)+ (4)
(excluding provisions and
contingencies) 9,955.69 2,181.50 2,562.40 715.09
--------------------------------------------------------------------------------------------------------
5. OPERATING PROFIT (A-B)
(Profit before Provisions and
Contingencies) 2,571.19 545.09 281.04 137.07
--------------------------------------------------------------------------------------------------------
6. Other provisions and contingencies 1,790.80 255.29 (43.75) 138.14
--------------------------------------------------------------------------------------------------------
7. Provision for taxes
--------------------------------------------------------------------------------------------------------
a) Current period tax 216.80 121.83 115.70 37.09
--------------------------------------------------------------------------------------------------------
b) Deferred tax adjustment (642.59) (90.33) (128.59) (95.04)
--------------------------------------------------------------------------------------------------------
8. Net Profit (5-6-7) 1,206.18 258.30 337.68 56.88
--------------------------------------------------------------------------------------------------------
9. Paid-up equity share capital (face
value Rs. 10/-) 612.66 612.55 612.66 612.55
--------------------------------------------------------------------------------------------------------
10. Reserves excluding revaluation
reserves 6,320.65 5,632.41 6,320.65 5,632.41
--------------------------------------------------------------------------------------------------------
11. Analytical Ratios
--------------------------------------------------------------------------------------------------------
(i) Percentage of shares held by
Government of India .. .. .. ..
-----------------------------------------------------------------------------------------------
(ii) Capital Adequacy Ratio 11.10% 11.44% 11.10% 11.44%
-----------------------------------------------------------------------------------------------
(iii) Earnings per share for the
period (not annualised for
quarter) (in Rs.) (basic) 19.68 11.61 5.51 2.56
-----------------------------------------------------------------------------------------------
(iv) Earnings per share for the
period (not annualised for
quarter) (in Rs.) (diluted) 19.65 11.61 5.50 2.56
--------------------------------------------------------------------------------------------------------
12. Aggregate of non-promoter
Shareholding
-----------------------------------------------------------------------------------------------
o No. of shares 61,30,34,404 61,30,31,404 61,30,34,404 61,30,31,404
-----------------------------------------------------------------------------------------------
o Percentage of shareholding 100 100 100 100
--------------------------------------------------------------------------------------------------------
13. Deposits 48,169.31 32,085.11 48,169.31 32,085.11
--------------------------------------------------------------------------------------------------------
14. Advances 53,279.41 47,034.86 53,279.41 47,034.86
--------------------------------------------------------------------------------------------------------
15. Total Assets 1,06,811.97 1,04,106.30 1,06,811.97 1,04,106.30
--------------------------------------------------------------------------------------------------------
Notes
1. During the year ended March 31, 2003, the Bank allotted 3,000 shares
pursuant to exercise of employee stock options.
2. The segment information is based on the segments currently identified post
merger of ICICI Limited with the Bank.
3. Other Income includes gain of Rs. 1191 crores realised in Q2 2003 on sale
of equity shares of the Bank held by a trust, which were transferred to it
by erstwhile ICICI Limited in accordance with the scheme of amalgamation.
4. Net NPAs to net customer assets are at 4.9%.
5. The Board of Directors have recommended a dividend of Rs. 7.50 per share
(75%) for the year ended March 31, 2003 (Previous year dividend Rs. 2 per
share (20%))
6. The results for the year ended March 31, 2003 include the results of
erstwhile ICICI Limited and its subsidiaries, ICICI Personal Financial
Services Limited and ICICI Capital Services Limited, amalgamated with the
Bank w.e.f March 30, 2002. The financials for the current periods are
therefore not comparable with the earlier periods.
7. Previous period figures have been regrouped / reclassified where necessary
to conform to current period classification.
The above financial results have been taken on record by the Board of Directors
at its meeting held on April 25, 2003.
Place: Mumbai Kalpana Morparia
Date: April 25, 2003 Executive Director
CONSOLIDATED AUDITED FINANCIAL RESULTS OF
ICICI BANK LIMITED AND ITS SUBSIDIARIES
Rs. in crores
--------------------------------------------------------------------------------------------------------
Year ended Three months ended
----------------------------------------------
Sr. No. Particulars Mar 31, Mar 31, Mar 31, Mar 31,
2003 2002 2003 2002
--------------------------------------------------------------------------------------------------------
1. Interest earned (a)+(b)+(c)+(d) 9,690.82 2,153.90 2,555.44 679.31
--------------------------------------------------------------------------------------------------------
a) Interest/discount on advances/bills 6,162.82 772.50 1,611.04 192.31
--------------------------------------------------------------------------------------------------------
b) Income on investments 3,088.99 1,234.94 785.62 438.65
--------------------------------------------------------------------------------------------------------
c) Interest on balances with Reserve Bank
of India and other interbank funds 236.89 122.63 40.05 40.93
--------------------------------------------------------------------------------------------------------
d) Others 202.12 23.83 118.73 7.42
--------------------------------------------------------------------------------------------------------
2. Other Income 3,714.95 579.13 602.23 180.96
--------------------------------------------------------------------------------------------------------
A) TOTAL INCOME (1) + (2) 13,405.77 2,733.03 3,157.67 860.27
--------------------------------------------------------------------------------------------------------
3. Interest expended 8,126.79 1,560.32 2,040.23 534.58
--------------------------------------------------------------------------------------------------------
4. Operating expenses (e) + (f) 2,748.25 625.48 830.43 186.48
--------------------------------------------------------------------------------------------------------
e) Payments to and provisions for
employees 489.46 147.55 139.26 36.59
--------------------------------------------------------------------------------------------------------
f) Other operating expenses 2,258.79 477.93 691.17 149.89
--------------------------------------------------------------------------------------------------------
B) TOTAL EXPENDITURE (3)+ (4)
(excluding provisions and contingencies) 10,875.04 2,185.80 2,870.66 721.06
--------------------------------------------------------------------------------------------------------
5. OPERATING PROFIT (A-B)
(Profit before Provisions and
Contingencies) 2,530.73 547.23 287.01 139.21
--------------------------------------------------------------------------------------------------------
6. Other provisions and contingencies 1,733.07 257.74 (40.83) 140.59
--------------------------------------------------------------------------------------------------------
7. Provision for taxes
--------------------------------------------------------------------------------------------------------
a) Current period tax 297.95 121.33 124.01 36.59
--------------------------------------------------------------------------------------------------------
b) Deferred tax adjustment (651.85) (90.33) (134.05) (95.04)
--------------------------------------------------------------------------------------------------------
8. Share of (profits)/losses of minority (0.44) (0.04) 0.83 (0.04)
shareholders
--------------------------------------------------------------------------------------------------------
9. Net Profit (5-6-7-8) 1,152.00 258.53 337.05 57.11
--------------------------------------------------------------------------------------------------------
10. Paid-up equity share capital (face value Rs. 10/-) 612.66 612.55 612.66 612.55
--------------------------------------------------------------------------------------------------------
11. Analytical Ratios
--------------------------------------------------------------------------------------------------------
Earnings per share for the period (not
annualised for quarter) (in Rs.) (basic) 18.79 11.61 5.50 2.56
--------------------------------------------------------------------------------------------------------
Earnings per share for the period (not
annualised for quarter) (in Rs.) (diluted) 18.77 11.61 5.49 2.56
--------------------------------------------------------------------------------------------------------
CONSOLIDATED SEGMENTAL INFORMATION OF ICICI BANK LIMITED AND ITS SUBSIDIARIES
--------------------------------------------------------------------------------------------------------
Year ended Three months ended
----------------------------------------------
Sr. No. Particulars Mar 31, Mar 31, Mar 31, Mar 31,
2003 2002 2003 2002
--------------------------------------------------------------------------------------------------------
1. Segment Revenue
--------------------------------------------------------------------------------------------------------
a Commercial Banking 9,413.25 2,295.43 2,377.12 714.65
--------------------------------------------------------------------------------------------------------
b Investment Banking 4,283.30 755.09 740.39 329.08
--------------------------------------------------------------------------------------------------------
c Others 560.79 .. 234.23 ..
--------------------------------------------------------------------------------------------------------
Total 14,257.34 3,050.52 3,351.74 1,043.73
--------------------------------------------------------------------------------------------------------
Less: Inter Segment Revenue (851.57) (317.49) (194.07) (183.46)
--------------------------------------------------------------------------------------------------------
Income from Operations 13,405.77 2,733.03 3,157.67 860.27
--------------------------------------------------------------------------------------------------------
2. Segmental Results (i.e. Profit before tax &
Provision)
--------------------------------------------------------------------------------------------------------
a Commercial Banking 998.68 437.33 227.90 113.91
--------------------------------------------------------------------------------------------------------
b Investment Banking (including gain on sale of
Bank shares held by a trust amounting to
Rs.1191 crores) 1,629.42 109.90 72.13 25.30
--------------------------------------------------------------------------------------------------------
c Others (97.37) .. (13.02) ..
--------------------------------------------------------------------------------------------------------
Total 2,530.73 547.23 287.01 139.21
--------------------------------------------------------------------------------------------------------
3 Provisions (including accelerated/additional
Provision)
--------------------------------------------------------------------------------------------------------
a Commercial Banking(1) 1,737.02 275.70 (15.06) 143.05
--------------------------------------------------------------------------------------------------------
b Investment Banking (4.39) (18.00) (24.90) (2.50)
--------------------------------------------------------------------------------------------------------
c Others .. .. (0.04) ..
--------------------------------------------------------------------------------------------------------
Total 1,732.63 257.70 (40.00) 140.55
--------------------------------------------------------------------------------------------------------
4 Segment Results (i.e. Profit before tax)
--------------------------------------------------------------------------------------------------------
a Commercial Banking(1) (738.34) 161.63 242.96 (29.14)
--------------------------------------------------------------------------------------------------------
b Investment Banking(1) 1,633.81 127.90 97.03 27.80
--------------------------------------------------------------------------------------------------------
c Others (97.37) .. (12.98) ..
--------------------------------------------------------------------------------------------------------
Total profit before tax 798.10 289.53 327.01 (1.34)
--------------------------------------------------------------------------------------------------------
Tax (353.90) 31.00 (10.04) (58.45)
--------------------------------------------------------------------------------------------------------
Profit after tax 1,152.00 258.53 337.05 57.11
--------------------------------------------------------------------------------------------------------
5. Capital Employed (i.e. Segment Assets - Segment
Liabilities excluding inter-segmental funds
lent and borrowed)
--------------------------------------------------------------------------------------------------------
a Commercial Banking (11,323.90) (4,935.80) (11,323.90) (4,935.80)
--------------------------------------------------------------------------------------------------------
b Investment Banking 16,190.97 11,521.20 16,190.97 11,521.20
--------------------------------------------------------------------------------------------------------
c Others 230.45 (1,088.66) 230.45 (1,088.66)
--------------------------------------------------------------------------------------------------------
Total 5,097.52 5,496.74 5,097.52 5,496.74
--------------------------------------------------------------------------------------------------------
(1) While the gains on sale of Bank shares held by a trust are reported under
Investment Banking segment, the accelerated/additional provisions are
reported under Commercial Banking segment.
ICICI Bank Limited
ICICI Bank Towers
Bandra Kurla Complex
[GRAPHIC] ICICI Bank Mumbai 400 051
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News Release April 25, 2003
Performance Review - Year ended March 31, 2003
The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting held at
Mumbai today, approved the audited accounts of the Bank for the year ended
March 31, 2003 (FY2003). The Board also approved the audited consolidated
accounts for the period. In view of the merger of ICICI Limited (ICICI) and two
of its subsidiaries with the Bank on March 30, 2002, the results for FY2003 are
not comparable with the results on a standalone basis for the year ended March
31, 2002 (FY2002).
Results
ICICI Bank's profit after tax for FY2003 was Rs. 1,206 crore as compared to Rs.
258 crore for FY2002. The profit after tax for FY2003 represents a return on
equity of 18.3%. This was achieved inspite of the negative impact of compliance
with regulatory reserve requirements on ICICI's historic liabilities.
During the year, the ICICI Bank Shares Trust divested 101.4 million shares of
the Bank (transferred to the Trust by erstwhile ICICI prior to the merger) to
strategic and institutional investors, resulting in capital gains of Rs. 1,191
crore flowing to the Bank.
The Bank made total provisions and write-offs, including accelerated/
additional provisions and write-offs, of Rs. 1,791 crore against loans and
other assets, primarily relating to erstwhile ICICI's portfolio.
The profit after tax for the quarter ended March 31, 2003 (Q4-2003) increased
to Rs. 338 crore from Rs. 330 crore for the quarter ended December 31, 2002
(Q3-2003), despite the significantly lower treasury gains (Rs. 17 crore as
compared to Rs. 180 crore in the previous quarter) on account of the interest
rate environment prevailing during the quarter. The profit after tax for the
quarter ended March 31, 2002 (Q4-2002) was Rs. 57 crore.
Dividend
The Board has recommended a significant stepping up of the rate of dividend on
equity share capital from 20% for FY2002 to 75% for FY2003. The declaration and
payment of dividend is subject to the approval of Reserve Bank of India (RBI)
and the shareholders of the Bank.
ICICI Bank Limited
ICICI Bank Towers
Bandra Kurla Complex
[GRAPHIC] ICICI Bank Mumbai 400 051
-------------------------------------------------------------------------------
Operational highlights
During the year the Bank achieved market leadership across products in the
retail finance segment. The Bank made retail loan disbursements of about Rs.
20,300 crore during the year, including home loan disbursements of Rs. 8,660
crore. The retail assets increased by over Rs. 13,000 crore to Rs. 19,132
crore. ICICI Bank's retail assets now constitute 18% of total assets and 30% of
customer assets as compared to 6% of total assets and 11% of customer assets at
March 31, 2003. The Bank's total net customer assets at March 31, 2003 were Rs.
64,051 crore as against Rs. 57,526 crore at March 31, 2002, an increase of 11%.
The Bank's agri-business portfolio was about Rs. 2,100 crore, which was
achieved with a limited rural distribution network through innovative financing
structures, supply chain linkages and technology.
During FY2003, the Bank repaid about Rs. 22,400 crore of erstwhile ICICI's
liabilities as they fell due in accordance with their terms of repayment,
including the exercise of all available call options. At March 31, 2003, the
Bank's total deposits were Rs. 48,169 crore, a growth of 50% over total
deposits at March 31, 2002, which is estimated to be the highest deposit growth
rate in the banking system. The Bank's estimated market share in incremental
banking system deposits was about 10.4%. The Bank's average cost of deposits
declined to 6.2% for Q4-2003 from 7.4% for Q1-2003.
The Bank's international initiative, launched in FY2002, is proceeding as
planned. The Bank is in the process of operationalising its branch in Singapore
and representative office in China and is awaiting overseas regulatory approval
for setting up subsidiaries in the United Kingdom and Canada and a
representative office in Dubai. The Bank already has representative offices in
the United States and the United Kingdom.
At March 31, 2003, the Bank's net non-performing customer assets were Rs. 3,151
crore constituting 4.9% of customer assets. The Bank's standard assets included
net restructured assets of Rs. 8,943 crore. The additions to net restructured
assets in Q4-2003 included borrower accounts in the iron and steel sector
restructured through RBI's Corporate Debt Restructuring (CDR) mechanism. At
March 31, 2003, the Bank had a provision coverage of about 62% against
non-performing assets.
2
ICICI Bank Limited
ICICI Bank Towers
Bandra Kurla Complex
[GRAPHIC] ICICI Bank Mumbai 400 051
-------------------------------------------------------------------------------
The Bank's recovery efforts have been strengthened by the enactment of the
Securitisation and Reconstruction of Financial Assets and Enforcement of
Security Interest Act, 2002. The Bank has sponsored Asset Reconstruction
Company (India) Limited (ARCIL) jointly with State Bank of India, Industrial
Development Bank of India and other banks and institutions, under the framework
created by the Act. ARCIL has submitted its application for registration to RBI
and would become operational on receipt of the same.
ICICI Bank's capital adequacy at March 31, 2003 (after taking into account the
proposed dividend) was 11.1% (including Tier-1 capital adequacy of 7.0%), well
above RBI's requirement of 9.0%. In accordance with the new RBI guidelines,
deferred tax asset of Rs. 488 crore has been reduced from Tier-1 capital,
unlike in prior periods.
The international credit rating agency Moody's Investor Service upgraded the
Bank's long-term foreign currency debt rating from Ba1 to Baa3. This is one
notch higher than the sovereign ceiling for India. With this upgrade, ICICI
Bank became the first Indian company to be assigned an investment grade rating
by Moody's since 1998.
Audited consolidated accounts under Indian GAAP
The consolidated profit after tax was Rs. 1,152 crore including the results of
operations of subsidiaries and affiliates of erstwhile ICICI that became
subsidiaries and affiliates of the Bank on merger. ICICI Securities earned a
profit after tax of Rs. 108 crore in FY2003. ICICI Lombard General Insurance
Company achieved break-even during the year, focusing on profitable business
segments with low loss ratios. ICICI Prudential Life Insurance Company
maintained its market leadership among private sector life insurance companies,
with a market share of 39% among private life insurers and 22% in the total
pensions market. Future bonus provisions and non-amortisation of expenses by
ICICI Prudential Life Insurance Company in line with insurance company
accounting norms had a negative impact of Rs. 109 crore on the Bank's
consolidated profit. Life insurance companies worldwide require five to seven
years to achieve breakeven, in view of business set-up and customer acquisition
costs in the initial years as well as reserving for actuarial liability. The
deficit in the initial years is usually higher for faster-growing companies;
the profit streams after breakeven is achieved are expected to be
correspondingly higher.
3
ICICI Bank Limited
ICICI Bank Towers
Bandra Kurla Complex
[GRAPHIC] ICICI Bank Mumbai 400 051
-------------------------------------------------------------------------------
US GAAP financial statements
The Bank will announce its US GAAP results in compliance with the requirements
of the Bank's listing on the New York Stock Exchange, on completion of the
audit of its US GAAP accounts. As stated in the Bank's press release dated July
31, 2002, there are significant differences in the basis of accounting between
US GAAP and Indian GAAP. These differences arise primarily due to ICICI being
the accounting acquirer of ICICI Bank under US GAAP. Consequently, the US GAAP
results would be divergent from the Indian GAAP results. Certain primary
differences are set out below:
a. US GAAP requires the capital gains on the sale of shares of ICICI Bank
(included in income under Indian GAAP Rs. 1,191 crore) to be directly
added to the stockholders' equity without being routed through the income
statement.
b. A significant portion of the treasury gains of Rs. 447 crore realised
during the year and recognised as income under Indian GAAP, does not
appear in the current year's US GAAP income statement as these gains were
already recognized while marking-to-market ICICI Bank's treasury portfolio
while accounting for the merger under US GAAP.
Consequent to these primary differences, the results under Indian GAAP and US
GAAP are not comparable.
1 crore = 10.0 million
Except for the historical information contained herein, statements in this
Release which contain words or phrases such as 'will', 'would', `indicating',
`expected to' etc., and similar expressions or variations of such expressions
may constitute 'forward-looking statements'. These forward-looking statements
involve a number of risks, uncertainties and other factors that could cause
actual results to differ materially from those suggested by the forward-looking
statements. These risks and uncertainties include, but are not limited to our
ability to successfully implement our strategy, future levels of non-performing
loans, our growth and expansion in business, the adequacy of our allowance for
credit losses, technological implementation and changes, the actual growth in
demand for banking products and services, investment income, cash flow
projections, our exposure to market risks as well as other risks detailed in
the reports filed by us with the United States Securities and Exchange
Commission. ICICI Bank undertakes no obligation to update forward-looking
statements to reflect events or circumstances after the date thereof.
4
ICICI Bank Limited
ICICI Bank Towers
Bandra Kurla Complex
[GRAPHIC] ICICI Bank Mumbai 400 051
-------------------------------------------------------------------------------
For further press queries please call Madhvendra Das at 91-22-2653 8252 or
e-mail: madhvendra.das@icicibank.com.
For investor queries please call Rakesh Jha at 91-22-2653 6157 or Anindya
Banerjee at 91-22-2653 7131 or email at ir@icicibank.com.
5