dp109139_20f.htm FORM 20-F

20-F 10225_00067/DP109139_20F

1 of 495 07/31/2019 03:46 PM

As filed with the Securities and Exchange Commission on July 31, 2019

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F

(Mark One)

  • ☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

    OR

  • ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

    For the fiscal year ended March 31, 2019.

    OR

  • ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

    For the transition period from to .

    OR

  • ☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

    Date of event requiring this shell company report

Commission file number: 001-15002

ICICI BANK LIMITED

(Exact name of Registrant as specified in its charter)

Vadodara, Gujarat, India

(Jurisdiction of incorporation or organization)

ICICI Bank Towers Bandra-Kurla Complex Mumbai 400051, India

(Address of principal executive offices)

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class

Equity Shares of ICICI Bank Limited(1)

American Depositary Shares, each representing two Equity Shares of

ICICI Bank Limited, par value

Rs. 2 per share

Name of each exchange on which registered

New York Stock Exchange

New York Stock Exchange

__________________

(1) Not for trading, but only in connection with the registration of American Depositary Shares representing such Equity Shares pursuant to the requirements of the Securities and Exchange Commission.

Securities registered or to be registered pursuant to Section 12(g) of the Act:

[None]

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:

[None]

The number of outstanding Equity Shares of ICICI Bank Limited as of March 31, 2019 was 6,446,239,653.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes☒No☐

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yes☐

No☒

Note- Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes☒

No☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes☐No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer☒Accelerated Filer☐Non-accelerated Filer☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

☐U.S. GAAP

☐International Financial Reporting Standards as issued by the International Accounting Standards Board☒Other

If "Other" has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

☐Item 17☒Item 18

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes☐No☒

TABLE OF CONTENTS

Page

Cross Reference Sheet 1

Certain Definitions 4

Forward-Looking Statements 5

Market Price Information 6

Risk Factors 7

Business 44

Overview 44

History 45

Shareholding Structure and Relationship with the Government of India 45

Strategy 47

Overview of Our Products and Services 47

Funding 62

Risk Management 64

Loan Portfolio 89

Classification of Loans 96

Subsidiaries, Associates and Joint Ventures 110

Technology 112

Competition 116

Employees 118

Properties 119

Legal and Regulatory Proceedings 120

American Depository Receipt Fees and Payments 126

Selected Consolidated Financial and Operating Data 128

Operating and Financial Review and Prospects 133

Management 221

Overview of The Indian Financial Sector 235

Supervision and Regulation 251

Exchange Controls 303

Restriction On Foreign Ownership of Indian Securities 306

Dividends 310

Taxation 311

Presentation Of Financial Information 317

Exhibit Index 320

i

CROSS REFERENCE SHEET

Form 20-FItem Number and Caption

Location

Part - I1

Identity of Directors, Senior

Management and Advisers

2

Offer Statistics and Expected

Timetable

3

Key Information

4

Information on the Company

4A 5

Unresolved Staff Comments

Operating and Financial Review and

Prospects

6

Directors, Senior Management and

Employees

7

Major Shareholders and Related

Party Transactions

8

Financial InformationNot applicableNot applicableSelected Consolidated Financial and Operating Data 128

Risk Factors 7

Business 44

Operating and Financial Review and Prospects 133

Overview of the Indian Financial Sector 235

Supervision and Regulation 251

Business-Subsidiaries, Associates and Joint Ventures 110

Business-Properties 119

Schedule 18B Note 5 in Notes to Consolidated Financial Statements

F-112

NoneOperating and Financial Review and Prospects 133

Business-Risk Management 64

Business-Funding 62

Management 221

Business-Employees 118

Business-Shareholding Structure and Relationship with the Government

of India 45 Operating and Financial Review and Prospects-Related Party

Transactions 206 Management-Compensation and Benefits to Directors and

Officers-Loans 230

Schedule 18. Note 3 in Notes to Consolidated Financial Statements F-47

Report of Independent Registered Public Accounting Firm F-2

Consolidated Balance Sheet F-5

1

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ICICI Bank Ltd. published this content on 01 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2019 14:24:08 UTC