Corporate Governance

Philosophy of Corporate Governance at ICICI Bank

At ICICI Bank, we are committed to maintaining the highest standards of governance in the conduct of our business and continuously strive to create lasting value for all our stakeholders. We focus on maintaining comprehensive compliance with the laws, rules and regulations that govern our business and promote a culture of accountability, transparency and ethical conduct across the Bank.

Board of Directors and Expertise of the Board

ICICI Bank has a broad-based Board of Directors, constituted in compliance with the Banking Regulation Act, 1949, the Companies Act, 2013 and the SEBI Listing Regulations and in accordance with good corporate governance practices. The Board functions either as a full Board or through various committees constituted to oversee specific operational areas.

The Board consists of distinguished individuals from multiple backgrounds with diverse range of experiences across various sectors. At June 30, 2023, the Board consisted of 11 Directors, out of which eight were Independent Directors and three were Executive Directors.