ICICI Bank Ltd.

BSE: 532174 | NSE: ICICIBANK
Large Cap | Bank - Private
1354.15
-2.75 (-0.20%)
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ICICI Bank informs about disclosure

Date: 03-05-2025

ICICI Bank has informed that, RBI has, vide its letter dated May 2, 2025, forwarded an Order dated April 29, 2025 passed by the Adjudication Committee of Executive Directors, imposing a monetary penalty of ? 97.80 lakhs on bank for failing to (i) report a cyber security incident to RBI within the stipulated timeline, (ii) put into use a robust software for throwing alerts for certain categories of accounts; and (iii) send credit card bills / statements to certain customers, but levying late payment charges. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47 A(1)(c) read with Section 46 (4)(i) of the Banking Regulation Act, 1949. The press release issued by RBI is attached.

The above information is a part of company’s filings submitted to BSE.