ICICI Bank isIndia's largest private sector bank by consolidated assets .

C CI Bank Limited was incorporated in the yea r 1994 as a part of theIC CI

Group with the nameIC CI Banking Corporation Limited. The initial equity capital was owned 75% byICICI and 25% by SCICI Limited,a diversified
finance and shipping finance lender of whichICICIowned 19.9% at December 1996. Pursuant to merger of SCICIintoICICI, ICICIBank became a
wholly-owned subsidiary of CICI.In September 10, 1999, name of the Bank was changed fromIC CI Banking Corporation Limited toIC CI Bank
Limited.

In March 10, 2001, ICICIBank acquired Bank of Madura, an old private sector bank, in an all-stock merger. CICI Limited along with their
wholly owned retail finance subs idiaries, namelyICICI Capital Services Limited andIC CI Personal Financial Services Limited amalgamated with
the Bank with effect from May 3, 2002.

In May 2003, the Bank acquired the entire paid-up capital of Transamerica Apple Distribution Finance Pvt Ltd (now known asICICI Distribution
Finance Pvt Ltd) which primarily engaged in financing in the two-wheeler segment.In September 12, 2003, the Bank incorporated IC CIBank
Canada as a 100% Subsidiary Company.

In May 2005, the Bank acquired the entire paid-up capital of nvestitsionno-Kreditny Bank, a Russian Bank with their registered office in
Balabanovo in the Kaluga region and a branch in Moscow. Thus, KB became a Subsidiary of Bank with effect from May 19, 2005.

In August 2005, the Bank acquired additional 6% of the equity share capital of Prudential CICI Asset Management Company Ltd and Prudential C CI
Trust Limited from Prudential Corporation Holdings Limited and thus these two companies became the subsidiaries of the Bank. During the year
2006- 07, CICI Bank Canada incorporated ICICIHealth ManagementInc as a subsidiary company.

In April 2007, Sangli Bank Limited merged with the Bank with effect from Apr il 19, 2007 .In 2007 June, the Bank entered into an agreement with
networking solutions provider GTL Ltd to lease out their call centre facility at Mahape worth of around Rs 100 crore for a period of 25 years.