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ICICI Bank Ltd.

BSE: 532174 Sector: Financials
NSE: ICICIBANK ISIN Code: INE090A01021
BSE 00:00 | 21 Sep 317.80 -3.05
(-0.95%)
OPEN

323.90

HIGH

333.40

LOW

302.80

NSE 00:00 | 21 Sep 317.10 -3.85
(-1.20%)
OPEN

323.45

HIGH

333.70

LOW

308.35

Company Update<BR> <BR>

September 10, 2018, 9:42 pm | Source: BSE

This has reference to the news item titled JP Associates drops 5% as ICICI Bank files insolvency case against firm published on www.economictimes.com dated September 10 2018 on which you have sought clarification.

We would like to submit that the news article focuses on the impact on share price of Jaiprakash Associates Limited which the Bank cannot comment on. Please do note that the Bank is in the ordinary course of banking business and as per prescribed regulatory framework applicable to it and for such applicable accounts taking necessary and appropriate actions under such framework and the Insolvency & Bankruptcy Code (IBC); hence there was/is no trigger for reporting under Regulation 30 of LODR for the Bank. We would further like to submit that given the content of the news article and the movement of market indices today we have nothing more to comment on the share price movement of the Bank indicated.

Request you to kindly take note of the submission and disseminate as deemed fit.