ICICI Bank Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
ICICIBANK · price
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ICICI Bank has received approval from the Reserve Bank of India (RBI) on October 31, 2025, for a proposed amendment to its American Depositary Shares (ADS) Deposit Agreement. The amendment, originally approved by the Bank's Board on June 27, 2025, will now allow registered ADS holders to exercise voting rights on the underlying shares held by the depository. However, this voting right is conditional — ADS holders must demonstrate that their holdings comply with Section 12B of the Banking Regulation Act, 1949 and related RBI guidelines. The Bank's ADRs are listed on the New York Stock Exchange, Singapore Stock Exchange, and Swiss Exchange.
This is a positive governance development that gives ADS holders a direct voice in bank decisions, potentially making the ADR more attractive to global institutional investors and improving shareholder democracy, though it may have a limited immediate impact on the stock price.