RBI clears ICICI Bank ADR agreement change for ADS voting rights
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
ICICI Bank reported that the Reserve Bank of India approved an amendment to its ADR Deposit Agreement. The approval, communicated on October 31, 2025, permits the Depository to exercise voting rights relating to the Deposited Securities on behalf of registered American Depositary Share (ADS) holders.
ADS holders’ ability to direct these voting rights is conditioned on demonstrating that their holdings comply with Section 12B of the Banking Regulation Act, 1949 and the applicable Master Direction & Guidelines, as amended. The Bank’s Board had previously approved the amendment on June 27, 2025.
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FAQ
What did ICICI Bank (IBN) announce in this 6-K?
The Bank disclosed RBI approval to amend its ADR Deposit Agreement to allow the Depository to exercise voting rights for registered ADS holders, subject to conditions.
When was the RBI approval communicated to ICICI Bank?
RBI’s approval was communicated on October 31, 2025.
Who can exercise voting rights under the amended arrangement?
The Depository may exercise voting rights relating to the Deposited Securities for registered ADS holders, subject to compliance requirements.
What conditions must ADS holders meet to direct voting rights?
They must demonstrate that their holdings conform with Section 12B of the Banking Regulation Act, 1949 and applicable Master Direction & Guidelines.
When did ICICI Bank’s Board approve the amendment?
The Board approved the amendment on June 27, 2025, subject to RBI approval.
Does the filing discuss financial impacts or proceeds?
No. It addresses governance of ADS voting rights and related regulatory approval.
