ICICI Bank Limited is in receipt of a compounding order dated October 16, 2024 from the Reserve Bank of India. Name of the authority; Reserve Bank of India, Foreign Exchange Department, Mumbai Nature and details of the action(s) taken, initiated or order(s) passed; Direction to pay a sum of INR 211,000. Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority; October 16, 2024.

Details of the violation(s)/contravention(s) committed or alleged to be committed; Contravention of Regulation 8(2) of the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 and Regulation 13.1(5) of Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2017, pursuant to delay in reporting of stock options granted under Employees' Stock Options Scheme to non-resident employees during the period September 2015 to May 2018, in multiple tranches.