ICICI Bank Limited (IBN) Regulatory Update
The Bank reports receiving RBI approval on October 31, 2025, regarding the amendment to the ADR Deposit Agreement.
- Key Change: Approval allows for granting voting rights pertaining to Deposited Securities directly to registered ADS holders.
- Critical Condition: Exercise of voting rights is subject to ADS holders demonstrating compliance with Section 12B of the Banking Regulation Act, 1949.
This regulatory clearance is significant for the governance structure related to its US listings.
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