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ICICI Bank Canada President and CEO Sriram Iyer named to Canada's Top 40 Under 40^TM

Toronto, Ontario, May 5, 2009 – ICICI Bank Canada announced today that Sriram Iyer, President and Chief Executive Officer, has been named a recipient of Canada's Top 40 Under 40^TM for 2008. Mr. Iyer received the award at a ceremony in Toronto today.

“Sriram has really evolved as an executive, showing tremendous leadership qualities and the ability to nurture a team. This award is an acknowledgement of Sriram’s outstanding vision and guidance, which are crucial factors in making ICICI Bank Canada the success it is today” said Ms. Chanda Kochhar, Managing Director and Chief Executive Officer of ICICI Bank Limited, parent bank of ICICI Bank Canada. “This is recognition for the entire team in Canada and my congratulations to the team as well.”

Receiving this national recognition was due in large part to Mr. Iyer's strategic planning and vision, which have been integral in the growth and evolution of ICICI Bank Canada. During his 13 years with ICICI Bank, Mr. Iyer's has held several senior positions in Canada and with the parent bank in India. While in Canada, he has helped transform ICICI Bank from a niche bank that serviced the Indo-Canadian community to a hybrid branch/direct banking operation with customers in every province. Mr. Iyer has overseen tremendous growth of ICICI Bank Canada over the five-year period since its inception.

“I am extremely honoured and humbled to be recognized with this prestigious award.” Mr. Iyer said, “This personal accomplishment is a reflection of the exceptional management and employee team we have at ICICI Bank, and I know that I would not be in this position today without their tireless dedication to our bank’s success.”

In addition to his efforts leading the Bank’s strategic direction, Mr. Iyer has made important contributions to local and international not-for-profit organizations. Always thinking about his roots in India, he has made it a personal mandate to help raise awareness of poverty issues in the developing world. At the same time, he is actively involved in local charities, including the Canadian Helen Keller Centre, which recently recognized ICICI Bank Canada with an award for its ongoing support.

Canada’s Top 40 Under 40^TM is a prestigious national award program, which annually honours 40 Canadians in the private, public and not-for-profit sectors under the age of 40.

Mr. Iyer was selected from over 1,100 nominees by an independent Advisory Board, comprised of 25 business leaders from across Canada. Honourees were chosen on five key criteria: vision and leadership; innovation and achievement; impact; community involvement and contribution; and strategy for growth.

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 C$6.4 billion as of March 31, 2009, 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 (icicibank.ca), a 24-hour toll-free customer contact centre and proprietary ABMs. It has established its branch network in the Greater Toronto Area (Brampton, North Brampton, Don Valley Parkway, Downtown Toronto, Gerrard Street East, Mississauga and Scarborough), Greater Vancouver Regional District (Downtown Vancouver and Surrey), and Calgary.

About ICICI Bank Limited

ICICI Bank Limited (NYSE:IBN) is India's largest private sector bank as measured by asset base as of March 31, 2009 and the second largest bank in the country with consolidated total assets of about US$95 billion as of March 31, 2009. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans 19 countries, including India.