FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month
of June, 2018
Commission File Number: 001-15002
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.
Indicate
by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate
by check mark whether by furnishing the information
contained in this Form, the Registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934:
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g 3-2(b):
Not Applicable
Table of
Contents
Item
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1.
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Other news
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2.
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Press release
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OTHER
NEWS
Subject:
Company Update
IBN
ICICI
Bank Limited (the ‘Bank’) Report on Form 6-K
The
Bank has made the following announcement to the Indian stock exchanges:
We
refer to your emails dated today seeking clarification on the media report titled “ICICI board mulls reshuffle of top management
– ICICI Prudential Life chief Bakhshi may be named ICICI Bank interim CEO”. We wish to draw reference to the submission
made earlier in this regard and enclose a copy of the same for your records.
ICICI
Bank Limited
ICICI
Bank Towers
Bandra-Kurla
Complex
Mumbai
400 051, India.
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Tel.:
(91-22) 2653 1414
Fax:
(91-22) 2653 1122
Website
www.icicibank.com
CIN.:
L65190GJ1994PLC021012
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Regd.
Office: ICICI Bank Tower,
Near
Chakli Circle,
Old
Padra Road
Vadodara
390007. India
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ICICI
Bank Limited
ICICI
Bank Towers
Bandra-Kurla
Complex
Bandra (E) Mumbai-400051
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Media Release
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June
18, 2018
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For
Immediate Release
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·
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ICICI
Bank Board appoints Mr. Sandeep Bakhshi as Wholetime Director and Chief Operating Officer
(COO) of ICICI Bank
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The
Board of Directors of ICICI Bank Limited (NYSE: IBN) has at its meeting today decided to appoint Mr. Sandeep Bakhshi, as Wholetime
Director & Chief Operating Officer designate, ICICI Bank. His appointment as COO will be for a period of five years, subject
to regulatory approvals. He will take over as the COO from June 19, 2018, or on the date of regulatory and other approvals, whichever
is later.
Mr.
Bakhshi will be responsible for handling all the businesses and corporate centre functions at the Bank. All Executive Directors
on the Board of ICICI Bank and the executive management will report to him. Mr. Bakhshi will report to Ms. Chanda Kochhar, who
will continue in her role as MD & CEO of ICICI Bank.
In
line with the highest levels of governance and corporate standards, Ms. Chanda Kochhar has decided to go on leave till the completion
of the enquiry as announced on May 30, 2018. The Board has noted and accepted this. During her period of leave, the COO will report
to the Board.
Mr.
Bakhshi has been the Managing Director & CEO, of ICICI Prudential Life Insurance Company, since August 01, 2010. During his
tenure, ICICI Prudential Life Insurance Co. has been a leading private life insurance company in the country. Prior to this role,
Mr. Bakhshi was the Deputy Managing Director of ICICI Bank. In this role he headed the retail and subsequently the wholesale business
at the Bank. Before moving to the Bank, Mr. Bakhshi was the MD & CEO of ICICI Lombard General Insurance. Under his leadership,
ICICI Lombard grew to be a leading private general insurance company in the country.
Mr.
Bakhshi has extensive experience of leading both corporate and retail businesses across ICICI Group. He started his career with
ICICI Ltd. in 1986. He looked after the corporate clients for the Northern and Eastern regions of ICICI Limited before joining
ICICI Lombard in 2002. His work responsibilities included business development, project appraisals, project monitoring and business
re-structuring.
Mr.
Bakhshi is a Mechanical Engineer from Punjab Engineering College, Chandigarh and has a post-graduate degree in management from
Xavier Labour Relations Institute (XLRI), Jamshedpur.
ICICI
Bank Board also recommended to the Board of Directors of ICICI Prudential Life Insurance Company to appoint Mr. N. S. Kannan as
the Managing Director & Chief Executive Office (CEO) of the company subject to regulatory and other approvals.
About
ICICI Bank: ICICI Bank Ltd (NYSE:IBN) is India’s largest private sector bank by consolidated assets. The Bank’s consolidated
total assets stood at US$ 172.5 billion at March 31, 2018. ICICI Bank's subsidiaries include India's leading private sector insurance,
asset management and securities brokerage companies, and among the country’s largest private equity firms. It is present
across 17 countries, including India.
For
media queries write us at:
corporate.communications@icicibank.com
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.
SIGNATURE
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 authorised.
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For ICICI Bank Limited
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Date: June
18, 2018
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By:
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/s/ Ranganath Athreya
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Name: Mr. Ranganath Athreya
Title: General Manager & Joint Company Secretary
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