ICICI Bank Limited (IBN) reported that ICICI Life Insurance Limited’s board noted Managing Director and CEO Anup Bagchi’s resignation, effective at the close of business on October 13, 2026. Bagchi said he wished to pursue a new career opportunity outside the organization.
ICICI Life’s board approved Sidharatha Mishra as Chief Operating Officer effective October 6, 2026, and as Additional Director and Managing Director and CEO effective October 14, 2026, or upon receipt of approval from the Insurance Regulatory and Development Authority of India, whichever is later, for five consecutive years, subject to requisite approvals. Mishra will transfer from ICICI Bank and be relieved of his Bank responsibilities at the close of business on October 5, 2026, ceasing to be a Bank senior management personnel that day.
ICICI Bank Limited received a show cause notice on September 30, 2026, under Section 73 of the Maharashtra Goods and Services Tax Act, 2017, raising a GST demand of ₹229,14,35,396, plus interest and penalty as applicable. The notice concerns services provided to customers maintaining specified minimum balances in their accounts and was issued by the Additional Commissioner, CGST and C. Ex, Division-IV, Mumbai East Commissionerate.
The Bank said it is in litigation, including a writ petition, on a similar issue raised in past orders and show cause notices. It will file a reply to this notice within prescribed timelines.
ICICI Bank Limited (IBN) amended its Annual Securities Report for the fiscal year from April 1, 2025, through March 31, 2026, correcting a regulatory citation. The amendment changes the cited provision for including consolidated financial statements prepared under Indian GAAP, with net income and stockholders’ equity reconciled to U.S. GAAP, from item 1 to item 2 of Article 328.
ICICI Bank Limited (IBN) said it received a show cause notice from the Joint Commissioner of Revenue, West Bengal, with a Goods and Services Tax demand of ₹16,75,96,536. The notice concerns services provided to customers maintaining specified minimum balances in their accounts.
The demand comprises tax of ₹9,30,73,770, interest of ₹6,52,15,388 and penalty of ₹93,07,378. ICICI Bank said it will file a reply within prescribed timelines and is in litigation, including a writ petition, on a similar issue raised in past orders and show cause notices.
ICICI Bank Limited (IBN) scheduled a Board meeting for October 17, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and six months ending September 30, 2026. The Bank's Trading Window is closed for all Designated Persons, including directors, and their immediate relatives from October 1 through October 19, 2026, both days inclusive.
ICICI Bank Limited (IBN) has filed its Annual Securities Report for the fiscal year from April 1, 2025 to March 31, 2026 with the Director of the Kanto Regional Finance Bureau in Japan, and is furnishing an English translation to investors.
The report presents consolidated financial statements under Indian GAAP with a reconciliation of net income and stockholders’ equity to U.S. GAAP, and detailed analysis of business performance, risks, liquidity, capital resources and segment data. It also describes India’s corporate, banking and securities law framework, foreign exchange controls, tax treatment for non-resident investors, and restrictions on foreign ownership of Indian bank shares.
The disclosure explains that each ADS represents two equity shares, that voting rights in Indian private banks are capped at 26.0% per shareholder, and that foreign portfolio investors are generally limited to 10.0% of paid-up equity per investor. It notes an amended deposit agreement effective January 2, 2026 allowing ADS holders to vote through the depositary, and that Deutsche Bank Trust Company Americas held 1,149,973,715 equity shares, or 16.0% of ICICI Bank’s equity share capital, as of June 30, 2026.
ICICI BANK LTD (IBN) reports that the Reserve Bank of India has approved ICICI Prudential Asset Management Company Limited to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights in each of four banks: CSB Bank Limited, DCB Bank Limited, Kotak Mahindra Bank Limited and AU Small Finance Bank Limited.
The approvals, communicated via RBI letters dated September 8, 2026, require the applicant to acquire the major shareholding within one year from the date of the letters, after which the approvals would stand cancelled if the acquisition has not been completed. The term “aggregate holding” is to be interpreted in line with the Reserve Bank of India (Commercial Banks - Acquisition and Holding of Shares or Voting Rights) Directions, 2025.
ICICI BANK LTD (IBN) reports that the Reserve Bank of India has granted approval to Life Insurance Corporation of India to acquire an aggregate holding of up to 9.99% of the bank’s paid-up share capital or voting rights. The acquisition may be completed within one year from the RBI approval letter dated September 4, 2026, after which the approval will lapse if not used. The approval is subject to conditions, including compliance with applicable statutory and regulatory requirements.
ICICI Bank Limited (IBN) reports that, through its IFSC Banking Unit, it has completed the issuance of USD 500 million Senior Unsecured Fixed Rate Notes under its USD 7.5 billion Global Medium Term Note Programme. The Notes are rated BBB by S&P Global Ratings and Baa3 by Moody’s Ratings.
The Notes will be listed on the Global Securities Market of India International Exchange IFSC Limited, the Debt Securities Market of NSE IFSC Limited, and SGX-ST. The Notes are not registered under the U.S. Securities Act of 1933 and are not being offered or sold in the United States except under applicable exemptions.
ICICI BANK LTD (IBN) reports that it has increased its ownership in its subsidiary ICICI Prudential Life Insurance Company Limited. Between July 22, 2026 and September 2, 2026, the bank purchased 29,015,693 equity shares of ICICI Life with a face value of ₹10 each through the stock exchange mechanism.
These purchases represent approximately 2.00% of ICICI Life’s equity share capital as of June 30, 2026, for a total consideration of about ₹14.70 billion. Following these transactions, ICICI Bank’s shareholding in ICICI Life stands at approximately 52.8%.