United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
For the month of July 1, 2002
ICICI Bank Limited
(Translation of registrant's name into English)
4th floor, South Tower
ICICI 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 whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g 3-2(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.
INDEX TO EXHIBITS
Item
1. Press release dated July 1, 2002
SIGNATURES
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 authorized.
Dated: July 1, 2002
ICICI Bank Limited
By: /s/ Nilesh Trivedi
----------------------------------
Name: Nilesh Trivedi
Title: Assistant Company Secretary
[LOGO] IClCl Bank Limited IClCl Bank Limited
IClCl Bank Towers
Bandra Kurla Complex
Mumbai 400 051
News Release July 01, 2002
ICICI Bank acquires Shimla and Darjeeling Branches from
Standard Chartered Grindlays Bank
ICICI Bank, the country's largest private sector bank today announced that it
has acquired two bank branches located in the popular tourist towns of Shimla
and Darjeeling respectively, from Standard Chartered Grindlay's Bank. The
acquisition marks the foray of IC1CI Bank in the two towns.
The inclusion of these branches takes ICICI Bank's distribution network to 409
branches and extension counters and 1042 ATMs spread across the country. Said
Ms. Chanda Kachhar, Executive Director, ICICI Bank, "This acquisition is a
continuation of our strategy to expand our brand of technology banking across
the country. Now, customers in Shimla and Darjeeling will have access to our
inter-connected countrywide banking network enabling them 24-hour access to
the Bank anywhere across the country. They will also have access to our
comprehensive array of products all under one roof. Our presence here will
also greatly facilitate ICICI Bank customers visiting these popular
destinations."
Technology banking, which has been the Bank's key strength, will be evident in
Darjeeling and Shimla. Both branches now have ATMs and will also provide
Internet and Mobile banking in the coming months.
The branch in Shimla, housed in a landmark heritage property on the famous Mall
Road, has been in operation since 1877. Currently, the branch has more than
3,000 retail accounts and a deposit base of Rs. 41 cRore. The Darjeeling branch
is located on Laden-la Road, one of the prime commercial areas of the town. The
branch has more than 3,500 retail accounts and a deposit base of Rs. 57 crore.
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Except for the historical information contained herein, statements in this News
Release which contain words or phrases such As 'will', 'would', and similar
expressions or variations of such expressions may constitute 'forward-looking
statements'. These forward-looking statements involve a number of risks, un-
certainties and other factors that could cause actual results to differ
materially from those suggested by the forward-looking statements. Theses risks
and uncertainties include, but are not limited to our ability to obtain
statutory and regulatory approvals and to successfully implement our strategy,
as well as other risks detailed in the reports filed by us with the United
States Securities and Exchange Commission. The Bank undertakes no obligation to
update forward-looking statements to reflect events or circumstances after the
date thereof.
For further press queries please call Madhvendra Das at +91 22 - 653 6124 or
email: madhvendra.das@icicibank.com.