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27th-Oct-2020 20:30Source: BSE

ICICI Bank - Company Update

The Bank has via its legal counsel received a communication from the United States Securities and Exchange Commission (''SEC'') that they have concluded their investigation into the Bank''s loan impairment provisions under US GAAP and that the SEC does not intend to take any enforcement action against the Bank. For details please refer to our earlier disclosure dated July 27, 2018 (copy annexed), regarding requests for information from the SEC investigatory staff linked to the timing and amount of the Bank''s loan impairment provisions taken under US GAAP for fiscal years prior to 2017, in respect of which the Bank extended complete co-operation to the SEC.

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