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ICICI Bank Qatar Financial Branch (QFC) Branch license upgraded to Category I

September 26, 2013

Doha: ICICI Bank Ltd, India’s largest private bank, was awarded the Category I (One) license for its QFC Branch in Doha by the Qatar Financial Centre Regulatory Authority (QFCRA).
Mr. Vijay Chandok, President, ICICI Bank announced the status of the upgraded branch which has been operating as a Category IV entity since March21, 2007.
His Excellency ShriSanjiv Arora, The Indian Ambassador to Qatar, was also present at this occasion and lauded the Bank’s initiatives in the region.
Speaking on the occasion, Mr. Vijay Chandok said, "The Category 1 (One) license is another step towards ICICI Bank’s commitment to facilitate the growing trade between India and the GCC (Gulf Cooperation Council) countries, especially Qatar"
With the upgraded license, ICICI Bank QFC branch can now accept deposits from and provide credit to business customers per the QFCRA rules. Treasury and Forex related activities are also permissible under the new license.
The above services are in addition to the arranging of deals in investment for Private Banking clients which is currently offered under the Category IV license.

About ICICI Bank:ICICI Bank Limited (NYSE:IBN) is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of US $ 124 billion at March 31, 2013. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans 19 countries, including India.

Except for the historical information contained herein, statements in this release, which contain words or phrases such as 'will', 'would', 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 obtain statutory and regulatory approvals and 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. All reference to interest rates, penalties and other terms and conditions for any products and services described herein are correct as of the date of the release of this document and are subject to change without notice. The information in this document reflects prevailing conditions and our views as of this date, all of which is expressed without any responsibility on our part and is subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. ICICI Bank and the "I man" logo are the trademarks and property of ICICI Bank. Any reference to the time of delivery or other service levels is only indicative and should not be construed to refer to any commitment by us. The information contained in this document is directed to and for the use of the addressee only and is for the purpose of general circulation only.

For Press Queries please contact:

Mr. Sujit Ganguli
Head, Brand and Corporate Communications
ICICI Bank Limited
Bandra Kurla Complex, Mumbai – 400051

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