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
September 2009
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.
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Form
20-F X
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Form
40-F
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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):
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Yes
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No X
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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):
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Yes
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No X
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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:
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Yes
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No X
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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
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Item
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1.
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News Release,
dated September 30, 2009
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Item
1
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ICICI Bank
Limited
ICICI Bank
Towers
Bandra Kurla
Complex
Mumbai 400
051
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| News Release | September 30, 2009 |
As required by
United States securities regulations, ICICI Bank Limited (NYSE: IBN) filed its
annual report in Form 20-F for the year ended March 31, 2009 (FY2009), on
September 29, 2009. The Form 20-F annual report includes the Bank’s consolidated
financial statements under Indian GAAP and a reconciliation of consolidated
Indian GAAP profit after tax and networth to US GAAP net income and
stockholders’ equity, approved by the Audit Committee of the Board. The
consolidated profit after tax for FY2009 under Indian GAAP was Rs. 3,577 crore
(US$ 703 million) and the net income under US GAAP was Rs. 3,445 crore (US$ 677
million). Stockholders’ equity as per US GAAP was Rs. 48,585 crore
(US$ 9.6 billion) at March 31, 2009 compared to the Indian GAAP consolidated
networth of Rs. 46,778 crore (US$ 9.2 billion).
Copies of the Form
20-F are available from the United States Securities and Exchange Commission
(SEC) website www.sec.gov
or via a direct link to the SEC website at "About Us/Investor Relations/SEC
Filings" page of ICICI Bank's website (http://www.icicibank.com/pfsuser/aboutus/investorelations/secfilings/secfilings.htm).
Shareholders may
obtain a copy of the complete audited financial statements free of charge by
writing to Mr. Sandeep Batra, Group Compliance Officer & Company Secretary,
ICICI Bank Limited, ICICI Bank Towers, Bandra Kurla Complex, Mumbai 400 051 or
sending an e-mail to companysecretary@icicibank.com,
with details of their shareholding and mailing address.
Pursuant
to its issuance and listing of securities in the United States under
registration statements filed with the SEC, ICICI Bank files annual reports in
Form 20-F with the SEC as required by US securities laws and regulations. These
regulations require that this annual report include financial statements
prepared according to a comprehensive body of accounting principles with a
reconciliation of net income and stockholders’ equity to generally accepted
accounting principles in the United States (US GAAP). When ICICI Bank first
listed its securities in the United States in 2000, generally accepted
accounting principles in India (Indian GAAP) were not considered a comprehensive
body of accounting principles under US laws and regulations. Accordingly, ICICI
Bank had included US GAAP financial statements in its annual reports in Form
20-F till fiscal year ended March 31, 2005. However, pursuant to a significant
expansion of Indian accounting standards, Indian GAAP constitutes a
comprehensive body of accounting standards. Accordingly, from fiscal year ended
March 31, 2006 onwards ICICI Bank includes in its annual report in Form 20-F,
consolidated financial statements according to Indian GAAP, with a
reconciliation of profit after tax and networth to net income and stockholders'
equity under US GAAP and a description of significant differences between Indian
GAAP and US GAAP.
It
may be noted that there are significant differences in the basis of accounting
between US GAAP and Indian GAAP primarily relating to determination of allowance
for loan losses, amortization of fees and origination costs, valuation of
securities, accounting for derivatives, accounting for securitizations,
accounting for business combinations, compensation cost and
consolidation.
For
further press queries please call Charudatta Deshpande at 91-22-2653 8208 or
e-mail: charudatta.deshpande@icicibank.com.
For
investor queries please call Rupesh Kumar at 91-22-2653 7126 or email at ir@icicibank.com.
1
crore = 10.0 million.
US$ amounts
represent convenience translations at US$1= Rs. 50.87.
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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ICICI
Bank Limited
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Date:
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September 30,
2009
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By:
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/s/
Ranganath
Athreya
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Name:
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Ranganath
Athreya
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Title:
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General
Manager – Joint Company Secretary & Head Compliance – Non Banking
Subsidiaries
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