News Release

ICICI Bank Canada's Downtown Toronto Branch Relocates to 350 Bay Street

TORONTO , Nov. 9 /CNW/ - ICICI Bank Canada is pleased to announce that, effective November 9, 2009 , its Downtown Toronto Branch has moved to 350 Bay Street (just north of King Street ). The branch was previously located on the 21st Floor of The Exchange Tower at 130 King Street West ..

We are excited to move into our new Bay Street location," said Rajesh Ramakrishnan, Vice President, Retail Banking, ICICI Bank Canada . "We believe the new street-level location will provide easier access to the branch and will enable us to better serve our personal and business banking customers.

Like all of its other branches, ICICI Bank Canada's Downtown Toronto Branch offers a full range of personal and business banking services at competitive interest rates. Products and services offered include: chequing and savings accounts, mortgages, GICs and term deposits, loan products, international money transfer services, commercial loans and trade finance. Personal banking customers may send money to any bank in India at a low cost and benefit from competitive exchange rates. In addition, customers will have the convenience of in-branch banking or using the ABM.

To maintain a consistent customer experience, the hours of operation, phone number and fax number at this branch have not changed.

ICICI Bank Canada , a wholly-owned subsidiary of ICICI Bank Limited, is a full-service direct bank with an asset base of approximately C$5.8 billion as of September 30, 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 Ontario (Brampton, Don Valley Parkway, Downtown Toronto , Gerrard Street East, Mississauga and Scarborough), British Columbia (Surrey), and Alberta ( Calgary ).

ICICI Bank Canada is a member of CDIC. Only deposits held in Canadian currency, having a term of five years or less and payable in Canada are insurable under the Canada Deposit Insurance Corporation Act.

ICICI Bank Limited (NYSE:IBN) is India's largest private sector bank as measured by asset base as of September 30, 2009 and the second largest bank in the country with consolidated total assets of about US $102 billion as of September 30, 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.