News Release

ICICI Bank Canada Celebrates Three Years in Brampton

Brampton, April 18, 2007 - ICICI Bank Canada's Brampton branch is celebrating its third anniversary with its customers and VIPs today.

Hari Panday, President and CEO, will greet Brampton Mayor Susan Fennell who is expected to stay for the festivities with the anticipated guests. Mayor Fennell will present to the attendees at 4:30 p.m.

The Brampton branch, which services more than 11,000 local customers, was the first suburban branch that opened in April 2004, just months after ICICI Bank made its debut in Canada. The Branch offers full service banking and houses a Commercial Banking Team, which provides business lending services. It also offers Safety Deposit Boxes.

For the local South Asian community, which represents a large proportion of the Branch's customer base, the Brampton branch offers the confidence of dealing with a familiar brand. It also offers support for non-English speaking customers, including members of the local Punjabi community. The Branch staff can serve customers in English, Hindi, Punjabi, Gujarati, Tamil and Urdu. And the ABM machines located in the Branches provide services in six languages, including French and Chinese.

ICICI Bank Canada's Money Transfers to India product is rapidly becoming the preferred option for sending money transfers, particularly for customers who hold a chequing account and enjoy free money transfers as one of the benefits for account holders. A majority of these money transfers are handled through the Brampton location.

Since inception in 2003, ICICI Bank Canada has consistently led the full-service direct banks in Canada by offering attractive high interest rates and unique banking options through its multi-channel strategy. The Branch network provides personalized services. Direct Banking offers the option of online banking for those who are not in close proximity to the branch network. ICICI Bank Canada also offers Assisted Banking to customers who bank under guidance from their Financial Advisors and Planners.

About ICICI Bank Canada

ICICI Bank Canada, a wholly-owned subsidiary of ICICI Bank Limited, is a full-service direct bank with an asset base of over $2 billion, offering a comprehensive suite of personal, commercial and cross-border banking products and services. The Bank is supported by a state-of-the-art electronic banking platform (www.icicibank.ca), a 24-hour toll-free customer contact centre and proprietary ABMs. ICICI Bank Canada is a member of CDIC and has established its branch network in the Greater Toronto Area (Brampton, Downtown Toronto, Gerrard Street East, and Scarborough) and Greater Vancouver Regional District (Downtown Vancouver and Surrey).

About ICICI Bank Limited:

ICICI Bank Limited is India's second largest bank, and largest private sector bank in the country, with an asset base of over US$ 67 billion. ICICI Bank Limited serves a growing customer base through a multi-channel access network of over 690 branches and 3,200 ABMs, call centers and internet banking (www.icicibank.com). ICICI Bank Limited was awarded "Best Bank of the Year 2006" in India by Business India - the Magazine of the Corporate World. ICICI Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in Singapore, Bahrain, Hong Kong, Sri Lanka and Dubai, and representative offices in the United States, United Arab Emirates, China, South Africa and Bangladesh. The UK subsidiary has established a branch in Belgium.