ICICI BANK LTD. - Company Update

Pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a press release issued by Moody's Investors Service on April 3, 2020.<BR> <BR> Moody's has affirmed the deposit ratings of ICICI Bank at Baa3. The Bank's baseline credit assessment (BCA) and adjusted BCA are also affirmed at ba1. Moody's has lowered the counterparty risk assessment from Baa2(cr)/P-2(cr) to Baa3(cr)/P-3(cr) and the local currency counterparty risk rating from Baa2/P-2 to Baa3/P-3. The outlook on the Bank's rating was revised from stable to negative. <BR> <BR> This is for your reference and records.<BR>