Filed: 2 Nov 20, 6:08am



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 October, 2020

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.


Form 20-F   X  Form 40-F      


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):


Yes        No   X 


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):


Yes       No   X 


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:


Yes       No   X 


If “Yes” is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g 3-2(b): Not Applicable








Subject: Disclosure under Indian Listing Regulations



ICICI Bank Limited (the ‘Bank’) Report on Form 6-K


The Bank has made the below announcement to the Indian stock exchanges:


In accordance with the captioned Regulation read with SEBI circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, we confirm that there has been no deviation / variation in the use of funds raised through Qualified Institutions Placement (QIP).


We enclose herewith the statement in the format prescribed vide the above referred SEBI Circular.   




ICICI Bank Limited

ICICI Bank Towers

Bandra-Kurla Complex

Mumbai 400 051, India.

Tel.: (91-22) 2653 1414

Fax: (91-22) 2653 1122


CIN.: L65190GJ1994PLC021012

Regd. Office: ICICI Bank Tower,

Near Chakli Circle,

Old Padra Road

Vadodara 390007. India








Statement of Deviation/variation in utilisation of funds raised


Name of listed entityICICI Bank Limited
Mode of Fund RaisingQIP
Date of Raising FundsAugust 15, 2020
Amount Raised

Issue size: 150,000.0 million

Net proceeds (after issue expense): 149,256.0 million

Report filed for Quarter endedSeptember 30, 2020
Monitoring AgencyNot applicable (N.A.)
Monitoring Agency Name, if applicableN.A.
Is there a Deviation/Variation in use of funds raisedNo
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholdersN.A.
If Yes, Date of shareholder ApprovalN.A.
Explanation for the Deviation/VariationN.A.
Comments of the Audit Committee after reviewNil
Comments of the auditors, if anyN.A.
Objects for which funds have been raised and where there has been a deviation, in the following table:
Original ObjectModified Object, if anyOriginal AllocationModified allocation, if anyFunds UtilisedAmount of Deviation/ Variation for the quarter according to applicable objectRemarks if any

Net Proceeds of the QIP will be utilised for (i) strengthening the capital adequacy ratio of the Bank (ii) improving Bank’s competitive positioning; and/ or, (iii) general corporate requirements or any other purposes, as may be permissible under the applicable law and approved by the Board or its duly constituted committee.


N.A.149,256.0 millionN.A.149,256.0 millionN.A.-
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc



MumbaiVishakha Mulye
October 30, 2020Executive Director







Table of Contents


1.Other news









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.


           For ICICI Bank Limited
Date:October 30, 2020  By:/s/ Vivek Ranjan
    Name :   Vivek Ranjan
    Title   :   Chief Manager