For the first half of fiscal 2010, net profit was INR19.18 billion, or INR17.17 per diluted share, compared to INR17.42 billion, or INR15.6 per diluted share, for the same period of the previous year. Total income was INR177.04 billion, compared to INR191.42 billion for the first half of the prior year. Operating profit was INR49.64 billion, compared to INR39.99 billion for the prior-year period.

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--Current and savings account (CASA) ratio increased to 36.9% at September 30, 2009 from 30.0% at September 30, 2008 and 30.4% at June 30, 2009

--Strong capital adequacy ratio of 17.7% and Tier-1 capital adequacy ratio of 13.3%; Tier-1 capital adequacy ratio highest among large Indian banks

--76% increase in consolidated profit after tax to Rs. 1,145 crore for the quarter ended September 30, 2009 from Rs. 651 crore for the quarter ended September 30, 2008

The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting held at Mumbai today, approved the audited unconsolidated accounts and the unaudited consolidated accounts of the Bank for the quarter ended September 30, 2009.

Profit & loss account

-- Profit after tax increased by 18% sequentially, to Rs. 1,040 crore (US$ 216 million) for the quarter ended September 30, 2009 (Q2-2010) from Rs. 878 crore (US$ 183 million) for the quarter ended June 30, 2009 (Q1-2010). Profit after tax for the quarter ended September 30, 2008 (Q2-2009) was Rs. 1,014 crore (US$ 211 million).

-- Net interest margin increased from 2.4% in Q1-2010 to 2.5% in Q2-2010. Net interest income increased sequentially to Rs. 2,036 crore (US$ 423 million) for Q2-2010 from Rs. 1,985 crore (US$ 413 million) for Q1-2010. Net interest income was lower compared to Q2-2009 mainly due to the decrease in advances owing to the moderation in system credit growth, and decline in advances of overseas branches.

-- Fee income increased sequentially to Rs. 1,387 crore (US$ 288 million) in Q2-2010 from Rs. 1,319 crore (US$ 274 million) in Q1-2010. Fee income is in line with the reduced investment and mergers & acquisition activity in the corporate sector, reflecting the change in market conditions in the second half of fiscal 2009.

-- Operating expenses (including direct marketing agency expenses) decreased by 8% to Rs. 1,379 crore (US$ 287 million) in Q2-2010 from Rs. 1,494 crore (US$ 311 million) in Q1-2010. The Bank achieved a reduction in the cost/average asset ratio to 1.5% in Q2-2010 from 1.6% in Q1-2010.

-- Total provisions decreased sequentially to Rs. 1,071 crore (US$ 223 million) in Q2-2010 from Rs. 1,324 crore (US$ 275 million) in Q1-2010.

Balance sheet

The Bank has made further progress in its strategy of strengthening its deposit franchise. This is reflected in the Bank's robust growth in savings and current account deposits and increase in the CASA ratio. The Bank continues to invest in expansion of its branch network to enhance its deposit franchise and create an integrated distribution network for both asset and liability products.

In line with the above strategy, the total deposits of the Bank were Rs. 197,832 crore (US$ 41.1 billion) at September 30, 2009, compared to Rs. 210,236 crore (US$ 43.7 billion) at June 30, 2009. During the quarter, the Bank's savings account deposits increased by Rs. 4,859 crore (US$ 1,010 million) and current account deposits increased by Rs. 4,094 crore (US$ 851 million) resulting in an improvement in the CASA ratio to 36.9% at September 30, 2009 from 30.0% at September 30, 2008 and 30.4% at June 30, 2009.

The branch network of the Bank stood at 1,520 at October 26, 2009. The Bank is in the process of implementing the 580 branch licenses received from Reserve Bank of India which would expand the branch network to about 2,000 branches, giving the Bank a wide distribution reach in the country.

The loan book of the Bank decreased to Rs. 190,860 crore (US$ 39.7 billion) at September 30, 2009 from Rs. 198,102 crore (US$ 41.2 billion) at June 30, 2009 mainly due to the decrease in the agricultural loan portfolio in line with the seasonal nature of the business, and repayments from the retail loan portfolio, partly offset by increase in corporate advances.

Capital adequacy

The Bank's capital adequacy at September 30, 2009 as per Reserve Bank of India's Basel II norms was 17.7% and Tier-1 capital adequacy was 13.3%, well above RBI's requirement of total capital adequacy of 9.0% and Tier-1 capital adequacy of 6.0%.

Asset quality

At September 30, 2009, the Bank's net non-performing asset ratio was at the same level as June 30, 2009 at 2.19%. Total provisions decreased sequentially by 19% to Rs. 1,071 crore (US$ 223 million) in Q2-2010 from Rs. 1,324 crore (US$ 275 million) in Q1-2010.

Consolidated profits

Consolidated profit after tax of the Bank increased by 76% from Rs. 651 crore (US$ 135 million) in Q2-2009 to Rs. 1,145 crore (US$ 238 million) in Q2-2010, driven primarily by the sharp reduction in losses of ICICI Prudential Life Insurance Company (ICICI Life) and increase in profit of other subsidiaries.

Overseas banking subsidiaries

ICICI Bank Canada's profit after tax for Q2-2010 was CAD 13.8 million. ICICI Bank Canada's capital position continued to be strong with a capital adequacy ratio of 23.2% at September 30, 2009. ICICI Bank UK's profit after tax for Q2-2010 was USD 12.6 million. ICICI Bank UK's capital position continued to be strong with a capital adequacy ratio of 16.3% at September 30, 2009.

Insurance subsidiaries

ICICI Prudential Life Insurance Company (ICICI Life) maintained its position as the largest private sector life insurer based on retail new business weighted received premium during the half year ended September 30, 2009. ICICI Life's total premium in Q2-2010 was Rs. 3,634 crore (US$ 756 million). ICICI Life's renewal premium in Q2-2010 increased by 28% compared to Q2-2009, reflecting the long term sustainability of the business. New business annualised premium equivalent (APE) in Q2-2010 was Rs. 1,212 crore (US$ 252 million). ICICI Life's unaudited New Business Profit (NBP) in Q2-2010 was Rs. 233 crore (US$ 48 million). Due to customer acquisition costs, which are not amortised, and reserving for actuarial liability, ICICI Life's statutory accounting results reduced the consolidated profit after tax of ICICI Bank by Rs. 51 crore (US$ 11 million) in Q2-2010(1) (compared to Rs. 228 crore (US$ 47 million) in Q2-2009). Assets held increased 66% from Rs. 30,107 crore (US$ 6.3 billion) at September 30, 2008 to Rs. 50,093 crore (US$ 10.4 billion) at September 30, 2009.

ICICI Lombard General Insurance Company (ICICI General) maintained its leadership in the private sector during the half year ended September 30, 2009. ICICI General's premium in Q2-2010 was Rs. 801 crore (US$ 167 million). ICICI General's profit after tax for Q2-2010 was Rs. 51 crore (US$ 11 million).

Securities and asset management

ICICI Prudential Asset Management Company's profit after tax for Q2-2010 was Rs. 48 crore (US$ 10 million) compared to Rs. 16 crore (US$ 3 million) in Q2-2009. ICICI Securities' profit after tax for Q2-2010 was Rs. 38 crore (US$ 8 million) compared to Rs. 10 crore (US$ 2 million) in Q2-2009.

(1) Life insurance companies worldwide make accounting losses in initial years due to business set-up and customer acquisition costs in the initial years and reserving for actuarial liability. Further, in India, amortization of acquisition costs is not permitted. If properly priced, life insurance policies are profitable over the life of the policy, but at the time of sale, there is a loss on account of non-amortized expenses and commissions, generally termed as new business strain that emerges out of new business written during the year. New Business Profit (NBP) is an alternate measure of the underlying business profitability (as opposed to the statutory profit or loss) and relevant in the case of companies in their growth phase. NBP is the present value of the profits of the new business written during the year. It is based on standard economic and non-economic assumptions including risk discount rates, investment returns, mortality, expenses and persistency assumptions. Disclosure on economic assumptions is available in the annual report for the year ended March 31, 2009.

Summary Profit and Loss Statement (as per unconsolidated Indian GAAP
accounts)
Rs. crore
                                      FY     Q1-2009    Q2-2009    H1-2009    Q1-2010  Q2-2010  H1-2010
                                      2009
Net interest income                   8,367  2,090      2,148      4,238      1,985    2,036    4,021
Non-interest income                   7,603  1,538      1,877      3,415      2,090    1,824    3,914
- Fee income                          6,524  1,958      1,876      3,834      1,319    1,387    2,706
- Lease and other income              636    174        154        328        57       140      197
- Treasury income                     443    (594  )    (153  )    (747  )    714      297      1,011
Less:
Operating expense                     6,306  1,634      1,543      3,177      1,467    1,358    2,825
Direct market agent (DMA)(1 )expense  529    228        145        373        27       21       48
Lease depreciation                    210    52         52         104        52       46       98
Operating profit                      8,925  1,714      2,285      3,999      2,529    2,435    4,964
Less: Provisions                      3,808  792        924        1,716      1,324    1,071    2,395
Profit before tax                     5,117  922        1,361      2,283      1,205    1,364    2,569
Less: Tax                             1,359  194        347        541        327      324      651
Profit after tax                      3,758  728        1,014      1,742      878      1,040    1,918

  1.  Represents commissions paid to direct marketing agents (DMAs)
      for origination of retail loans. These commissions are expensed
      upfront.
  2.  Prior period figures have been re-grouped/re-arranged where
      necessary.

Summary Balance Sheet
Rs. crore
                      March 31, 2009  September 30, 2008  September 30, 2009
Assets
Cash & bank balances  29,966          35,613              29,267
Advances              218,311         221,985             190,860
Investments           103,058         97,147              119,965
Fixed & other assets  27,966          30,225              26,282
Total                 379,301         384,970             366,374
Liabilities
Networth              49,533          48,645              51,258
- Equity capital      1,113           1,113               1,114
- Reserves            48,420          47,532              50,144
Preference capital    350             350                 350
Deposits              218,348         223,402             197,832
CASA ratio            28.7    %       30.0      %         36.9      %
Borrowings            92,805          94,849              99,773
Other liabilities     18,265          17,724              17,161
Total                 379,301         384,970             366,374

All financial and other information in this press release, other than financial and other information for specific subsidiaries where specifically mentioned, is on an unconsolidated basis for ICICI Bank Limited only unless specifically stated to be on a consolidated basis for ICICI Bank Limited and its subsidiaries. Please also refer to the statement of unconsolidated, consolidated and segmental results required by Indian regulations that has, along with this release, been filed with the stock exchanges in India where ICICI Bank's equity shares are listed and with the New York Stock Exchange and the US Securities Exchange Commission, and is available on our website www.icicibank.com.

Except for the historical information contained herein, statements in this release which contain words or phrases such as will," "would," "aim," "aimed," "will likely result," "is likely," "are likely," "believe," "expect," "expected to," "will continue," "will achieve," "anticipate," "estimate," "estimating," "intend," "plan," "contemplate," "seek to," "seeking to," "trying to," "target," "propose to," "future," "objective," "goal," "project," "should," "can," "could," "may," "will pursue," 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, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actual growth in demand for banking and other financial products and services in the countries that we operate in or where a material number of our customers reside, our ability to successfully implement our strategy, including our retail deposit growth strategy, our use of the internet and other technology, our rural expansion, our exploration of merger and acquisition opportunities, our ability to integrate recent or future mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve our strategic and financial objectives, our ability to manage the increased complexity of the risks we face following our rapid international growth, future levels of non performing and restructured loans, our growth and expansion in domestic and overseas markets, the adequacy of our allowance for credit and investment losses, technological changes, investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of changes in banking regulations and other regulatory changes in India and other jurisdictions on us, including on the assets and liabilities of ICICI, a former financial institution not subject to Indian banking regulations, the state of the global financial system and systemic risks, the bond and loan market conditions and availability of liquidity amongst the investor community in these markets, the nature of credit spreads and interest spreads from time to time, including the possibility of increasing credit spreads or interest rates, our ability to roll over our short-term funding sources and our exposure to credit, market and liquidity risks as well as other risks that are detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

For further press queries please call Charudatta Deshpande at 91-22-2653 8208 or e-mail: charudatta.deshpande@icicibank.com.

For investor queries please call Rupesh Kumar at 91-22-2653 7126 or email at ir@icicibank.com.

1 crore = 10.0 million US$ amounts represent convenience translations at US$1= Rs. 48.10

AUDITED UNCONSOLIDATED FINANCIAL RESULTS
(Rupees in crore)
Sr. No.  Particulars                                                           Three months ended                      Half year ended                         Year ended
                                                                               September 30, 2009  September 30, 2008  September 30, 2009  September 30, 2008  March 31, 2009
                                                                               (Audited)           (Audited)           (Audited)           (Audited)           (Audited)
1.       Interest earned (a)+(b)+(c)+(d)                                       6,656.94            7,834.98            13,790.38           15,726.78           31,092.55
         a) Interest/discount on advances/bills                                4,493.03            5,711.39            9,579.59            11,465.55           22,323.83
         b) Income on investments                                              1,627.99            1,794.06            3,204.09            3,682.28            7,403.06
         c) Interest on balances with Reserve Bank of India and other          185.68              136.09              386.40              265.04              518.71
         inter-bank funds
         d) Others                                                             350.24              193.44              620.30              313.91              846.95
2.       Other income                                                          1,823.79            1,877.33            3,913.67            3,415.51            7,603.72
3.       TOTAL INCOME (1)+(2)                                                  8,480.73            9,712.31            17,704.05           19,142.29           38,696.27
4.       Interest expended                                                     4,620.87            5,687.36            9,769.05            11,489.41           22,725.93
5.       Operating expenses (e)+(f)+(g)                                        1,424.53            1,740.04            2,970.55            3,653.95            7,045.11
         e) Employee cost                                                      449.55              488.06              916.07              1,011.28            1,971.70
         f) Direct marketing expenses                                          20.90               144.50              48.40               372.83              528.92
         g) Other operating expenses                                           954.08              1,107.48            2,006.08            2,269.84            4,544.49
6.       TOTAL EXPENDITURE (4)+(5)                                             6,045.40            7,427.40            12,739.60           15,143.36           29,771.04
         (excluding provisions and contingencies)
7.       OPERATING PROFIT (3)-(6)                                              2,435.33            2,284.91            4,964.45            3,998.93            8,925.23
         (Profit before provisions and contingencies)
8.       Provisions (other than tax) and contingencies                         1,071.30            923.53              2,394.95            1,716.02            3,808.26
9.       Exceptional items                                                     ..                  ..                  ..                  ..                  ..
10.      PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE TAX (7)-(8)-(9)         1,364.03            1,361.38            2,569.50            2,282.91            5,116.97
11.      Tax expense (h)+(i)                                                   323.90              347.17              651.15              540.69              1,358.84
         h) Current period tax                                                 402.29              579.63              795.34              944.27              1,830.51
         i) Deferred tax adjustment                                            (78.39)             (232.46)            (144.19)            (403.58)            (471.67)
12.      NET PROFIT/(LOSS) FROM ORDINARY ACTIVITIES (10)-(11)                  1,040.13            1,014.21            1,918.35            1,742.22            3,758.13
13.      Extraordinary items (net of tax expense)                              ..                  ..                  ..                  ..                  ..
14.      NET PROFIT/(LOSS) FOR THE PERIOD (12)-(13)                            1,040.13            1,014.21            1,918.35            1,742.22            3,758.13
15.      Paid-up equity share capital (face value Rs. 10/-)                    1,113.60            1,113.29            1,113.60            1,113.29            1,113.29
16.      Reserves excluding revaluation reserves                               50,144.66           47,531.95           50,144.66           47,531.95           48,419.73
17.      Analytical ratios
         i) Percentage of shares held by Government of India                   ..                  ..                  ..                  ..                  ..
         ii) Capital adequacy ratio                                            17.69%              14.01%              17.69%              14.01%              15.53%
         iii) Earnings per share (EPS)
         a) Basic EPS before and after extraordinary items, net of tax         9.34                9.11                17.23               15.65               33.76
         expenses (not annualised for quarter/period) (in Rs.)
         b) Diluted EPS before and after extraordinary items, net of tax       9.30                9.09                17.17               15.60               33.70
         expenses (not annualised for quarter/period) (in Rs.)
18.      NPA Ratio(1,2)
         i) Gross non-performing advances (net of technical write-off)         9,200.89            9,501.48            9,200.89            9,501.48            9,649.31
         ii) Net non-performing advances                                       4,499.05            4,232.93            4,499.05            4,232.93            4,553.94
         iii) % of gross non-performing advances (net of technical write-off)  4.69%               4.18%               4.69%               4.18%               4.32%
         to gross advances
         iv) % of net non-performing advances to net advances                  2.36%               1.91%               2.36%               1.91%               2.09%
19.      Return on assets (annualised)                                         1.17%               1.05%               1.06%               0.89%               0.98%
20.      Public shareholding
         i) No. of shares                                                      1,113,564,145       1,113,249,042       1,113,564,145       1,113,249,042       1,113,250,642
         ii) Percentage of shareholding                                        100                 100                 100                 100                 100
21.      Promoter and promoter group shareholding
         i) Pledged/encumbered
         a) No. of shares                                                      ..                  ..                  ..                  ..                  ..
         b) Percentage of shares (as a % of the total shareholding of          ..                  ..                  ..                  ..                  ..
         promoter and promoter group)
         c) Percentage of shares (as a % of the total share capital of the     ..                  ..                  ..                  ..                  ..
         bank)
         ii) Non-encumbered
         a) No. of shares                                                      ..                  ..                  ..                  ..                  ..
         b) Percentage of shares (as a % of the total shareholding of          ..                  ..                  ..                  ..                  ..
         promoter and promoter group)
         c) Percentage of shares (as a % of the total share capital of the     ..                  ..                  ..                  ..                  ..
         bank)
22.      Deposits                                                              197,832.05          223,401.72          197,832.05          223,401.72          218,347.82
23.      Advances                                                              190,860.18          221,984.67          190,860.18          221,984.67          218,310.85
24.      Total assets                                                          366,374.14          384,970.39          366,374.14          384,970.39          379,300.96

  1.  At June 30, 2009, the gross non-performing advances (net of
      technical write-off) were Rs. 9,416.32 crore and the net
      non-performing advances were Rs. 4,607.84 crore. The percentage of
      gross non-performing advances (net of technical write-off) to gross
      advances was 4.63% and percentage of net non-performing advances to
      net advances was 2.33% at June 30, 2009.
  2.  The percentage of gross non-performing customer assets to gross
      customer assets was 4.39% and net non-performing customer assets to
      net customer assets was 2.19% at September 30, 2009. Customer assets
      include advances and credit substitutes.

CONSOLIDATED FINANCIAL RESULTS
(Rupees in crore)
Sr. No.  Particulars                                                  Three months ended            Half year ended               Year ended
                                                                      September 30,  September 30,  September 30,  September 30,  March 31,
                                                                      2009           2008           2009           2008           2009
                                                                      (Unaudited)    (Unaudited)    (Unaudited)    (Unaudited)    (Audited)
1.       Total income                                                 14,595.85      15,590.46      29,210.91      30,234.76      64,153.08
2.       Net profit                                                   1,144.57       651.48         2,179.83       1,268.75       3,576.95
3.       Earnings per share (EPS)
         a) Basic EPS (not annualised for quarter/period) (in Rs.)    10.28          5.85           19.58          11.40          32.13
         b) Diluted EPS (not annualised for quarter/period) (in Rs.)  10.23          5.84           19.49          11.36          32.07

UNCONSOLIDATED SEGMENTAL RESULTS OF ICICI BANK LIMITED
(Rupees in crore)
Sr. No.  Particulars                                                   Three months ended           Half year ended              Year ended
                                                                       September 30, September 30,  September 30, September 30,  March 31,
                                                                       2009          2008           2009          2008           2009
                                                                       (Audited)     (Audited)      (Audited)     (Audited)      (Audited)
1.       Segment revenue
a        Retail Banking                                                4,497.08      6,078.27       9,433.26      12,155.85      23,015.21
b        Wholesale Banking                                             5,041.26      6,414.43       10,635.16     13,103.41      24,807.71
c        Treasury                                                      6,403.42      7,020.33       13,767.01     13,798.18      29,590.87
d        Other Banking                                                 185.21        201.85         239.12        278.02         612.57
         Total revenue                                                 16,126.97     19,714.88      34,074.55     39,335.46      78,026.36
         Less: Inter segment revenue                                   7,646.24      10,002.57      16,370.50     20,193.17      39,330.09
         Income from operations                                        8,480.73      9,712.31       17,704.05     19,142.29      38,696.27
2.       Segmental results (i.e. Profit before tax)
a        Retail Banking                                                (321.89    )  276.69         (759.22    )  405.39         58.05
b        Wholesale Banking                                             948.98        1,106.15       1,525.63      2,296.78       3,413.31
c        Treasury                                                      599.71        (131.58   )    1,697.70      (540.91   )    1,284.35
d        Other Banking                                                 137.23        110.12         105.39        121.65         361.26
         Total segment results                                         1,364.03      1,361.38       2,569.50      2,282.91       5,116.97
         Unallocated expenses                                          ..            ..             ..            ..             ..
         Profit before tax                                             1,364.03      1,361.38       2,569.50      2,282.91       5,116.97
3.       Capital employed (i.e. Segment assets - Segment liabilities)
a        Retail Banking                                                (36,027.33 )  (8,860.48 )    (36,027.33 )  (8,860.48 )    (15,889.85 )
b        Wholesale Banking                                             32,727.46     15,708.43      32,727.46     15,708.43      24,549.79
c        Treasury                                                      48,870.41     36,626.76      48,870.41     36,626.76      36,988.70
d        Other Banking                                                 606.56        1,032.38       606.56        1,032.38       572.04
e        Unallocated                                                   5,431.16      4,488.15       5,431.16      4,488.15       3,662.34
         Total                                                         51,608.26     48,995.24      51,608.26     48,995.24      49,883.02

Notes on segmental results:

  1.  The disclosure on segmental reporting has been prepared in
      accordance with Reserve Bank of India (RBI) circular no.
      DBOD.No.BP.BC.81/21.04.018/2006-07 dated April 18, 2007 on
      guidelines on enhanced disclosures on "Segmental Reporting" which
      is effective from the reporting period ended March 31, 2008.
  2.  "Retail Banking" includes exposures which satisfy the four criteria
      of orientation, product, granularity and low value of individual
      exposures for retail exposures laid down in Basel Committee on
      Banking Supervision document "International Convergence of Capital
      Measurement and Capital Standards: A Revised Framework".
  3.  "Wholesale Banking" includes all advances to trusts, partnership
      firms, companies and statutory bodies, which are not included under
      Retail Banking.
  4.  "Treasury" includes the entire investment portfolio of the Bank.
  5.  "Other Banking" includes hire purchase and leasing operations and
      other items not attributable to any particular business segment.

Notes:

  1.  The financial statements have been prepared in accordance with
      Accounting Standard (AS) 25 on "Interim Financial Reporting".
  2.  During the three months ended September 30, 2009, the Bank has
      allotted 240,058 equity shares of Rs. 10.00 each pursuant to
      exercise of employee stock options.
  3.  Status of equity investors' complaints/grievances for the three
      months ended September 30, 2009:

        Opening balance  Additions  Disposals  Closing balance
        0                12         12         0

  4.  Previous period/year figures have been re-grouped/re-classified
      where necessary to conform to current period classification.
  5.  The above financial results have been approved by the Board of
      Directors at its meeting held on October 30, 2009.
  6.  The above unconsolidated financial results are audited by the
      statutory auditors, B S R & Co., Chartered Accountants.
  7.  Rs. 1 crore = Rs. 10 million.

SOURCE: ICICI Bank Limited

ICICI Bank Limited 
Press Queries: 
Charudatta Deshpande, 91-22-2653 8208 
charudatta.deshpande@icicibank.com 
or 
Investors Queries: 
Rupesh Kumar, 91-22-2653 7126 
ir@icicibank.com

The stake of Deutsche Bank Trust company, which is biggest shareholder in ICICI Bank, has increased to 29.89 per cent at the end of September quarter.

Life Insurance Corporation of India holds 10.30 per cent stake in the bank.

Shares of ICICI Bank today closed down 6.11 per cent at Rs 836.25 on the Bombay Stock Exchange, while 16.60 lakh shares of the lender changed hands at the bourse.

(PTI) rw

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