ICICI Bank receives license to set up branch in Qatar

Notes and media contacts

About ICICI Bank: ICICI Bank (NYSE:IBN) is India's second largest bank with over 50 years presence in financial services and with assets of over USD 67 billion as on December 31, 2006. The Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, private equity and asset management. ICICI Bank is a leading player in the retail banking market and services its large customer base through a network of over 780 branches and extension counters, 3300 ATMs, call centres and internet banking (www.icicibank.com) to ensure that customers have access to its services at all times.

Disclaimer:
Except for the historical information contained herein, statements in this release, which contain words or phrases such as 'will', 'would', etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of non-performing loans, our growth and expansion in business, the adequacy of our allowance for credit losses, technological implementation and changes, the actual growth in demand for banking products and services, investment income, cash flow projections, our exposure to market risks ; etc, ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof. The information in this document reflects prevailing conditions and our views as of this date, all of which are expressed without any responsibility on our part and are subject to change. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources. The products and services mentioned in this press release are subject to product/service specific terms & conditions and are also subject to Qatar Financial Centre Authority rules/regulations & other applicable Laws . ICICI Bank and the "I man" logo are the trademarks and property of ICICI Bank.

For Press Queries:
ICICI Bank: Charudatta Deshpande
Head - Corporate Communications,
Tel: 022-26538208
Fax: 022-26531116