Exhibit 11.1













ICICI
GROUP

CODE
OF BUSINESS CONDUCT AND ETHICS









April
2023
















1




|Topic | Page No.                                                
|----- | --------------------------------------------------------
|1.    | Preamble                                                
|2.    | Conflict of Interest and Outside Activities             
|3.    | Privacy / Confidentiality                               
|4.    | Anti-Bribery and Anti-Corruption/Gifts and Entertainment
|5.    | Personal Investments                                    
|6.    | Know Your Customer / Anti Money Laundering              

|7.  | Accuracy of Company Records and Reporting          | 12
|--- | -------------------------------------------------- | --
|8.  | Protecting ICICI Group's Assets                    | 13
|9.  | Workplace Responsibilities                         | 14
|10. | Raising Ethical Issues                             | 17
|11. | Special Responsibilities of Superiors and Managers | 18
|12. | Compliance with Laws, Rules and Regulations        | 19
|13. | Key Irregularities                                 | 20
|14. | Disciplinary Procedures                            | 23
|15. | Compliance with the Code                           | 26
|16. | Appendix: Duties of Directors                      | 29
|17. | Employee Declaration                               | 31






2




Preamble



| | • | ICICI
                                            Group expects all its employees, officers and Directors to act in accordance with high professional
                                            and ethical standards. You must be, and be seen to be, committed to integrity in all aspects
                                            of your activities and comply with all applicable laws, regulations and internal policies.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | • | In
                                            accepting a position with ICICI Group or any of its subsidiaries, each of you become accountable
                                            for compliance with the law, with the ICICI Group Code of Business Conduct and Ethics (‘the
                                            Code’), and with policies of your respective business units.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | • | The
                                            standards of the Code are not necessarily prescribed by the regulators - they are something,
                                            which a well-respected institution must have in place and adhere to on an ongoing basis.
                                            We therefore expect a high level of ethical conduct.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | • | You
                                            must conduct your duties according to the language and spirit of this Code and seek to avoid
                                            even the appearance of improper behaviour. Your actions need to demonstrate and evidence
                                            the principle of acting in good faith and without negligence. You should be aware that even
                                            well intentioned actions that violate the law or this Code may result in negative consequences
                                            for ICICI Group and for the individuals involved.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | • | While
                                            covering a wide range of business practices and procedures, these standards cannot and do
                                            not cover every issue that may arise, or every situation where ethical decisions must be
                                            made, but rather set forth key guiding principles that represent ICICI Group’s policy.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------






3


Group
Code of Business Conduct and Ethics



Conflict
of Interest and Outside Activities



Conflicts
Of Interest – General Principles



| | · | Conflicts
                                            of interest can occur if our business practices sacrifice interests of one set of customers
                                            in favour of another or place business interests ahead of customers.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | To
                                            address such situations, the Bank has adopted a Framework for Managing Conflict of Interest
                                            which articulates several measures taken by the Bank in ensuring that conflicts of interest
                                            are handled in an appropriate manner, at the individual employee level, at the level of Board
                                            of Directors and at the Group level.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | If
                                            you are aware of any circumstances which you think may give rise to a conflict of any kind,
                                            or if you become aware of information which places you in difficulty in carrying out your
                                            function (for example, if you obtain confidential information about a company), you must
                                            handle the same as per the conflict of interest framework applicable to your Company.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | As
                                            part of its management of conflict of interest, the Bank has put in place a process approved
                                            by its Product and Process Approval Committee viz., the “Operational Framework for
                                            Chinese Wall” for ensuring that confidential information is appropriately secured and
                                            decisions and service to clients are independent of such confidential information. There
                                            are information barriers between departments that routinely have access to confidential /
                                            non - public Information ("Insider Areas") from those who do not have such access
                                            ("Public Areas").  As a general principle, “Insider areas” should
                                            refrain from sharing any information with anybody in the “Public Areas”. However,
                                            in case the need is felt, the procedure for crossing the wall including obtaining prescribed
                                            approvals needs to be followed.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            would be expected to be sensitive to any activities, interests or relationships that might
                                            interfere with or even appear to interfere with, your ability to act in the best interests
                                            of ICICI Group and its customers.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Conflict
                                            of Interest includes, but is not limited to, a director or an employee who is a party to,
                                            or who is a director or an employee of, or who has a material interest in, any person who
                                            is a party to a material contract or proposed material contract with the ICICI Group. It
                                            also means any situation that could reasonably be expected to impair their ability to render
                                            unbiased and objective advice/decision/recommendation or that could reasonably be expected
                                            to adversely affect that person’s duty to ICICI Group.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | The
                                            Chairman/Managing Director/ other directors or any employee who is directly or indirectly
                                            concerned or interested in any proposal would disclose the nature of his interest to the
                                            Board/Committee any such proposal is being discussed. This disclosure can be provided before
                                            or during the meeting. The Chairman/Managing Director/ other directors or any employee shall
                                            recuse himself/herself from attending the meeting for such proposal unless his/her presence
                                            is required by the other directors/members for the purpose of eliciting information and such
                                            Chairman/Managing Director/other directors or the employee so required to be present would
                                            abstain from voting on any such proposal. The decision on presence or recusal of interested
                                            persons will rest with the chairman/approving authority of the committee/meeting.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------








4




| | · | You
                                            must abide by specific “Dos and Don’ts” issued by business group you are
                                            part of, or those issued by other groups such as Compliance Group, Financial Crime Prevention
                                            Group or Human Resource Management Group.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            must disclose to the Compliance Group of your Company annually,
                                            a statement that you have no material interest or any other
                                            conflicting interests, in any person/ entity who is a party to a material contract or proposed
                                            contract with the ICICI Group. In case of any doubt in regard to the extent of disclosure
                                            applicable, kindly contact theCompliance Group of your Company.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Examples
of situations that could involve conflicts of interest include:



| | o | Selling
                                            a product that is profitable for the Group but not appropriate for the customer;
| | - | ------------------------------------------------------------------------------------------------------------------------------------



| | o | Ownership,
                                            by employees or their family members, of a significant interest in any outside enterprise,
                                            which does or seeks to do business with or is a competitor;
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | o | Acting as
                                            a broker, finder, go-between or otherwise for the benefit of a third party in transactions
                                            involving or potentially involving the Group or its interests;
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | o | Working,
                                            in any capacity, for a competitor, customer, supplier or other third party while employed
                                            by ICICI Group;
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | o | Competing
                                            with ICICI Group for the purchase or sale of property, products, services or other interests;
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------



| | o | Having an
                                            interest in a transaction involving the Bank, a competitor, customer or supplier (other than
                                            as an employee, officer or director of the Bank and not including routine investments in
                                            publicly traded companies);
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | o | Receiving
                                            a loan or guarantee of an obligation as a result of your position with the Bank.Receiving
                                            a preferential rate of interest/ discounts/ waivers from any customers/suppliers/vendors
                                            as a result ofyour position with the Bank.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | o | Directing
                                            business to a supplier owned or managed by, or which employs, a relative or friend.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------



Conflicts
of interest arising out of personal Investments



While
undertaking personal investments, it should be borne in mind that such investments should not:






5


| | · | Affect
                                            or appear to affect your ability to make unbiased business decisions for ICICI Group;
| | - | ----------------------------------------------------------------------------------------------------------------------------------------



| | · | Be
                                            contrary to ICICI Group's interests (e.g. using proprietary knowledge obtained through the
                                            course of employment to make investments that are not in the best interest of the ICICI Group);
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Be
                                            in the businesses of ICICI Group’s customers, suppliers, or competitors that could
                                            cause divided loyalty, or even the appearance of divided loyalty.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Please
refer to the section on personal investments for further guidelines in relation to adherence to the ICICI
Bank code of conduct to regulate, monitor and report trades in securities by directors, employees & connected persons (ICICI Bank
Code on Prohibition of Insider Trading ).



Conflicts
of interest through outside business activities



| | · | Due
                                            to potential conflicts with ICICI Group, you must obtain approval from Committee of Executive
                                            Directors (COED) of the Bank (or an appropriate internal committee in case of other entities
                                            in ICICI Group) before you accept a position as a director of an unaffiliated for-profit
                                            company or organization or when you work with a professional organisation/ association outside
                                            ICICI Group.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Working
                                            with professional organisations/ associations does not typically create a conflict of interest
                                            where:
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





| | · | The
                                            work is related to the legitimate professional interest and development of the employee and
                                            does not interfere with the employee’s regular duties;
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Does
                                            not use official resources inappropriately (either physical resources or time);
| | - | --------------------------------------------------------------------------------------------------------------------------------



| | · | Does
                                            not compete with the work of ICICI Group and is not otherwise contrary to the best interests
                                            of the Group;
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Does
                                            not violate national, international or local law.
| | - | --------------------------------------------------------------------------------------------------



| | · | It
                                            may however be mentioned that, while undertaking outside activities, you should not use ICICI
                                            Group name, facilities, or relationships for personal benefit. Further any employee accepting
                                            an appointment, as director of an unaffiliated for-profit company/ organisation must ensure
                                            proper treatment of confidential information received from such entity in connection with
                                            being a director.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------












6




Dos and Don’ts



Do



| | · | Act
                                            in the best interests of ICICI Group and its customers and handle activities, interests or
                                            relationships in a sensible manner
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





| | · | Handle
                                            conflicts of interest as per applicable Conflicts of Interest Framework
| | - | --------------------------------------------------------------------------------------------------------------------------



| | · | Submit
                                            an annual statement of Conflicts of Interest to the Compliance Group of your Company.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------



Don’t



| | · | Undertake
                                            personal investments or outside activities or involve in any financial transaction with colleagues,
                                            customers or suppliers that would create conflicts of interest
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
















7




Privacy/Confidentiality



Proprietary
and Confidential Information



| | · | You
                                            must always protect the confidentiality of proprietary and confidential information (sensitive
                                            to ICICI Group) you obtain or create in connection with your activities for ICICI Group,
                                            in accordance with the applicable law. Your obligation to protect ICICI Group’s proprietary
                                            and confidential information continues even after you leave the Group, and you must return
                                            all proprietary information in your possession upon leaving ICICI Group.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Proprietary
                                            and confidential information include any system, information or process (sensitive in nature)
                                            that gives ICICI Group an opportunity to obtain an advantage over competitors; nonpublic
                                            information about ICICI Group businesses, its customers and its employees, any other nonpublic
                                            information received.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Proprietary
                                            and confidential information about ICICI Group, a customer, supplier or distributor, should
                                            not be disclosed (even with best of intentions) to anyone (including other employees) not
                                            authorized to receive it or has no need to know the information, unless such disclosure is
                                            authorized by the customer or is required by law, appropriate legal process or appropriate
                                            internal authorities.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Intellectual
                                            property of ICICI Group such as trade secrets, patents, trademarks and copyrights, as well
                                            as business, research and new product plans, objectives and strategies, records, databases,
                                            salary and benefits data, employee medical information, customer, employee and suppliers
                                            lists and any unpublished financial or pricing information are some examples of proprietary
                                            and confidential information that need to be protected.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Unauthorized
                                            use or distribution of proprietary information violates the internal policies and could be
                                            illegal. Such use or distribution could result in negative consequences for both ICICI Group
                                            and the individuals involved, including potential legal and disciplinary actions.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Acts
                                            of ignorance that could lead to leakage of such proprietary information, especially through
                                            electronic means – like e-mails, web uploads, removable media (e.g. CD/DVD/pen drive)
                                            etc., may lead to investigation and probe against the employees.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | It
                                            is your responsibility to protect proprietary and confidential information (sensitive in
                                            nature) pertaining to the Bank or its customers in a manner commensurate with its classification
                                            as per the principles enunciated in the Information Security Policy, Standards & Procedures
                                            of ICICI Group.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            shall not in terms of your Employment Contract, during the course of your employment/service
                                            with the ICICI Group and thereafter also post your employment, without prior authorization
                                            from ICICI Group, engage in, publish, disclose, divulge or disseminate any confidential and/or
                                            sensitive information in relation to ICICI Group and/or comment on or publish in media or
                                            contact the media on any aspect/issue/matter pertaining to the ICICI Group that has come
                                            to your knowledge during the period of your service with ICICI Group, nor would you make
                                            any representations which will have the effect of tarnishing or diluting the reputation or
                                            brand equity of any entity in the ICICI Group.  For the avoidance of doubt, confidential
                                            or sensitive information shall, in addition to any information defined as such under the
                                            Employment Contract, include any confidential and/or proprietary information belonging or
                                            relating to ICICI Group, its customers, or potential customers, or any member of the ICICI
                                            Group, howsoever received or any of its officers, directors, employees, shareholders, any
                                            person or entity associated with them (both past and present),or any business practices,
                                            plans or procedures, partners, products or business of the ICICI Group. The aforesaid restrictions
                                            on publication of information and non-disparagement will operate during and post your employment
                                            with ICICI Group, since they are essential for protecting the business and commercial interests
                                            of ICICI Group and are fair and reasonable in light of the benefits accrued to you by your
                                            employment.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | ICICI
                                            Group reserves the rights to monitor its employees’ activities on ICICI owned assets.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------



| | · | We,
                                            at ICICI Group, respect the proprietary rights of other companies and their proprietary information
                                            and require you also to observe such rights.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Privacy
of Employee Information



At
ICICI Group, we recognise and protect the privacy and confidentiality of employee medical and personal records. Such records would be
shared strictly on need to know basis or as required by any law, rule and regulation or when authorized by the employee or as per subpoena
or court order and requires approval by internal counsel.



Privacy
/ Confidentiality

0.



Dos and Don’ts






8


Do



| | · | Properly
                                            control access to your work areas and computers and keep sensitive information safe and secured
                                            in all forms, physical or electronic
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Ensure
                                            appropriate destruction of information (both physical or electronic) when the same is not
                                            required for work anymore
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Obtain
                                            any relevant information directly from the person concerned
| | - | --------------------------------------------------------------------------------------------------------------



| | · | Access
                                            to information or data by outsourced will also be subjected to the relevant employee’s
                                            accountability, in case such data is misused
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Keep
                                            customer information secured at all times and uphold ICICI Group Privacy promise for customers
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------



| | · | Limit
                                            access to non-public information strictly to authorised personnel on a ‘need to know’
                                            basis
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Comply
                                            with local data protection and privacy laws that affect the collection, use and transfer
                                            of personal customer information
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | While
                                            accessing Intranet and Internet, ensure compliance with internal policies and procedures
| | - | ------------------------------------------------------------------------------------------------------------------------------------------



| | · | Ensure
                                            that worldwide electronic information exchange and dialogue, electronic business dealings
                                            are all as per internal policies and procedures
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Report
                                            information security incidents such as suspicious emails, individual password sharing, data
                                            leakage or data theft, phishing or malware attacks, hacking attempts etc. through the reporting
                                            mechanisms of ICICI Group.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Abide
                                            by the ICICI Bank Personal Data Protection Standard.
| | - | ------------------------------------------------------------------------------------------------------



Don’t



| | · | Discuss
                                            sensitive matters or confidential information in public places
| | - | ------------------------------------------------------------------------------------------------------------------



| | · | Violate
                                            the Information Security Policy applicable to your Company
| | - | --------------------------------------------------------------------------------------------------------------



| | · | Transfer
                                            official information into personal databases or carry hard copies of official information
                                            (otherwise than for official purposes) outside the office, without prior permission from
                                            your superior
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Pass
                                            information, in any manner, directly or indirectly to any recruitment/search agencies or
                                            to competitor or any other organisations
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Share
                                            sensitive information in the subject line or body of e-mails or through unprotected attachments
                                            without proper authorisation and approved controls
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------










9


Anti-Bribery
and Anti-Corruption / Gifts & Entertainment



Accepting
Gifts and Entertainment- General Principles



In
general, employees should not accept gifts - anything of value (including entertainment and incentives) from current or prospective customers
or suppliers, unless it is in accordance with theOperational Guidelines for Acceptance of Gifts
Entertainment and Sponsored Travel. These guidelines broadly covers following areas:



| | · | Gifts
| | - | -----



| | · | Entertainment
                                            and Sponsored Travel
| | - | ------------------------------------------------------------------------------



| | · | Incentives
                                            offers received at the Bank's Level
| | - | ------------------------------------------------------------------------------------------



Offering
of Gifts and Entertainment - General Principles



| | · | Gifts
                                            and/or entertainment should be offered only post appropriate approvals from relevant senior
                                            management and in compliance with the Operational Guidelines for Gifts Entertainment and
                                            Sponsored Travel. These guidelines broadly covers following areas:
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Gifts
| | - | -----



| | · | Entertainment,
                                            Hospitality and other expenses
| | - | -----------------------------------------------------------------------------------------



| | · | Donations
| | - | ---------



Bribery
and Corruption



| | · | Bribery/Corruption
                                            is defined as receiving or offering of an undue reward from/to any third party.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            must note that ICICI Group follows zero tolerance approach towards Bribery and Corruption.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            must not make any payment to or for anyone for the purpose of obtaining or retaining business
                                            or for obtaining any favourable action. If you are found to be involved in making such payments,
                                            you would be subject to disciplinary action as well as potential civil or criminal liability
                                            for violation of the Code.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            should not offer or give any funds or property as donation to any government agency or its
                                            representatives, in order to obtain any favourable performance of official duties.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | While
                                            you are expected to put in best of your efforts in every transaction, you will not be penalised
                                            by ICICI Group for delayed performance of a transaction solely on the grounds of refusal
                                            to pay bribes.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            should familiarise yourself and comply with the Bank's Anti-Bribery and Anti-Corruption Policy
                                            which is available on the Intranet. You should contact the Compliance Group with any questions
                                            on the matter.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Dos and Don’ts



Do



| | · | Accept
                                            or offer any gift and/or entertainment only in line with the Code and the Operational Guidelines
                                            for Gifts, Entertainment & Sponsored Travel
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Adhere
                                            to Bank’s Anti-Bribery & Anti-Corruption Policy
| | - | --------------------------------------------------------------------------------------------------






10


Don’t



| | · | Make
                                            any payment to or for anyone that could tantamount to bribe/corruption
| | - | -----------------------------------------------------------------------------------------------------------------------



| | · | Receive/accept
                                            a gift, entertainment, etc. from a prospective customer of the Bank
| | - | ------------------------------------------------------------------------------------------------------------------------------



| | · | Offer
                                            gifts and/or entertainment to any person for the purpose of obtaining or retaining business
                                            or for influencing any decision or action of the recipient in an improper manner
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Personal
Investments



| | · | To
                                            protect the integrity of ICICI Group and its subsidiaries and affiliates, it is essential
                                            that you conduct your personal trading as per the framework prescribed for prohibition of
                                            insider trading under SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended
                                            from time to time, in an appropriate manner that withstands public scrutiny and does not
                                            create even the appearance of impropriety.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | ICICI
                                            Group policy and the laws of many countries prohibit trading in securities of any company
                                            (listed / proposed to be listed) while in possession of material, non-public information
                                            (also known as inside information or UPSI*) of any company. Employees of certain ICICI Group
                                            businesses are subject to additional personal trading policy restrictions.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            should note that using non-public information to trade in securities, or providing a family
                                            member, friend or any other person with a “tip”, is illegal. All nonpublic information
                                            should be considered inside information and should never be used for personal gain.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            are required to familiarise yourself and comply with the ICICI Bank Code on Prohibition of
                                            Insider Trading laid by the Bank in line with SEBI (Prohibition of Insider Trading) Regulations,
                                            2015 (or such other Code applicable to your Company), as amended from time to time copies
                                            of which are available on the Intranet or from the Company Secretary.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            are required to ensure compliance and conduct your trading in accordance with Code on Prohibition
                                            of Insider Trading and the Code of Practices and Procedures for Fair Disclosure of Unpublished
                                            Price Sensitive Information (UPSI) of the respective company.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



*Unpublished
Price Sensitive Information” or “UPSI” means any information relating to the Bank or Other Listed Companies, as
applicable, or their respective Securities, directly or indirectly that is not Generally Available Information, which upon becoming Generally
Available Information, is likely to materially affect the price of the Securities of the Bank or Other Listed Companies, as the case
may be, and ordinarily includes but is not restricted to information relating to the financial results, dividends, changes in capital
structure, mergers, de-mergers, acquisitions, delisting, disposals and expansion of business and such other transactions; and changes
in Key Managerial Personnel.






11


Dos and Don’ts



Do



| | · | Ensure
                                            adherence to the Code for Prohibition of Insider Trading applicable to your Company
| | - | --------------------------------------------------------------------------------------------------------------------------------------



Don’t



| | · | Trade
                                            in securities, either listed or proposed to be listed, when in possession of UPSI.
| | - | ------------------------------------------------------------------------------------------------------------------------------------



Know
Your Customer / Anti Money Laundering



| | · | Anti-Money
                                            Laundering & Combating Financing of Terrorism legislations criminalize flow of money
                                            of/from the specified crimes including trafficking of any kind (e.g.: drug, human, animal,
                                            organs, body parts, etc.), terrorism, theft, fraud, handling of stolen goods, counterfeiting,
                                            etc. It is also an offence to undertake and/or facilitate transactions with individuals and
                                            entities whom you suspect of being involved in money laundering or terrorist financing (ML/TF).
                                            In such cases, escalate your concerns to the Compliance team responsible for your units.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | ICICI
                                            Group does not do business with persons suspected to be involved in ML/TF. We are fully aware
                                            that no customer relationship is worth compromising our commitment to combating ML/TF.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | ICICI
                                            Group has adopted the Group Anti Money Laundering (AML) and Combating Financing of Terrorism
                                            (CFT) Policy accompanied by detailed procedures with the principal objectives as under:
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Preventing
                                            ICICI Group from being used by money launderers to further their illicit business;
| | - | -----------------------------------------------------------------------------------------------------------------------------------------



| | · | Enabling
                                            ICICI Group to assist law enforcement agencies in identifying and tracking down money launderers;
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Ensuring
                                            that ICICI Group remains compliant with all relevant anti-money laundering legislation and
                                            regulations.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            must exercise requisite care in selecting those with whom we conduct business. While conducting
                                            business, you must adhere to processes which are in place for checking the identity and complete
                                            profile of the customers and counter parties as per guidelines. In case of unusual transactions
                                            which are not of regular nature, care should be exercised and reasons for undertaking that
                                            transaction should be analysed/documented with appropriate internal approvals.  These
                                            processes ensure adequate customer due diligence and ongoing monitoring of their transactions.
                                            This is done to detect suspicious transactions during the entire period of relationship.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Dos and Don’ts






12


Do



| | · | Ensure
                                            adherence to the Group Anti Money Laundering Policy
| | - | ------------------------------------------------------------------------------------------------------



| | · | Undergo
                                            relevant training to update yourself on applicable internal KYC/AML guidelines
| | - | ----------------------------------------------------------------------------------------------------------------------------------



| | · | Exercise
                                            requisite due diligence while accepting a customer and undertaking a transaction and make
                                            reasonable enquiries in case of doubt
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Escalate
                                            all suspicious activities/ transactions (including attempted/aborted transactions) where
                                            ML/TF is suspected regardless of the amount involved or the nature of the offence as per
                                            the applicable internal procedures. Failure to report suspicious transactions despite having
                                            knowledge is an offence under law.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Don’t



| | · | Provide
                                            assistance to any person to launder proceeds of any criminal conduct
| | - | ------------------------------------------------------------------------------------------------------------------------



| | · | Prejudice
                                            an investigation by informing (i.e. tipping off) the person who is the subject of a suspicious
                                            transaction
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Attempt
                                            to undertake investigations on your own without the guidance of the relevant officials when
                                            any incident is reported.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Accuracy
of Company Records and Reporting



| | · | You
                                            must ensure that records, data and information owned, collected, used and managed by you
                                            for ICICI Group are accurate and complete. Records must be maintained as per the applicablerecord management
                                            policy of your Company in sufficient detail so as to reflect
                                            accurately the company's transactions.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            must assist in maintenance of appropriate records so as to ensure that financial transactions
                                            are prepared in accordance with generally accepted accounting principles and that they fairly
                                            present the financial conditions and results of the company.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            must observe high standards of decency regarding content and language when creating business
                                            records and other documents (such as email) that may be retained by ICICI Group or a third
                                            party.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Non-maintenance
                                            of these records that comes into your notice and any misappropriation or tampering of records
                                            needs to be reported to a relevant authority.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Reporting
to Government/external agencies



| | · | ICICI
                                            Group has a responsibility to communicate effectively with shareholders so that they are
                                            provided with full, accurate and timely information, in all material respects, about the
                                            ICICI Group’s financial results and condition of operations. Our reports and documents
                                            are required to be filed with or submitted to regulatory authorities in various countries.
                                            Hence, such reports and any other public communications should be full, fair, accurate, timely
                                            and understandable.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------






13


| | · | You
                                            must, therefore, never make inaccurate or misleading reports, certificates, claims or statements
                                            to government/regulatory authorities.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Dos and Don’ts



Do



| | · | Maintain
                                            accurate data in sufficient detail to reflect accuracy of company transactions
| | - | -----------------------------------------------------------------------------------------------------------------------------------



| | · | Assist
                                            in preparation of true and fair financial statements of the company
| | - | ----------------------------------------------------------------------------------------------------------------------



| | · | Crosscheck
                                            the reports being submitted to regulatory authorities; in case there are any errors found,
                                            report to the relevant authority and take corrective action immediately.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Don’t



| | · | Make
                                            inaccurate reports to the applicable government/regulatory authorities
| | - | -----------------------------------------------------------------------------------------------------------------------



Protecting ICICI
Group’s Assets



Protecting
ICICI Group’s assets against loss, theft or other misuse is the responsibility of every employee, officer and Director. Loss, theft
and misuse of ICICI Group’s assets directly impact our profitability. Any suspected loss, misuse or theft should be reported to
your supervisor or the Chief Financial Officer.



Dos and Don’ts



Do



| | · | Use
                                            ICICI Group assets (physical and intellectual) primarily for official purposes
| | - | ------------------------------------------------------------------------------------------------------------------------------



| | · | Report
                                            any misuse or theft of assets, including instances of data leakage or data theft, by any
                                            employee or outsourced agents of ICICI Group that comes to your notice
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Don’t



| | · | Copy,
                                            sell, use or distribute information, software and other forms of intellectual property in
                                            violation of licenses
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Misappropriate
                                            ICICI Group assets as it is a breach of your duty and may constitute an act of fraud against
                                            ICICI Group
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Use
                                            official resources in another business in which you, a friend or family member is involved
| | - | ------------------------------------------------------------------------------------------------------------------------------------------



| | · | Use
                                            official stationery, supplies, and equipment for personal or political matters
| | - | ------------------------------------------------------------------------------------------------------------------------------



| | · | Introduce,
                                            access or download material considered indecent, offensive, or is related to the production,
                                            use, storage, or transmission of sexually explicit or offensive items using ICICI Group assets
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------






14


| | · | Conduct
                                            any illegal or objectionable activities, including gambling, gaming, etc. using ICICI Group
                                            assets
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Make
                                            any changes to the settings or configurations of ICICI Group assets without authorisation
                                            as per extant process
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Open
                                            attachments or click on links in websites or unexpected emails that come from unknown or
                                            untrusted sources or seem suspicious
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Attempt
                                            to hack or gain illegal access to any ICICI Group assets
| | - | ------------------------------------------------------------------------------------------------------------



| | · | Download
                                            or install freeware or shareware (including screensavers), without authorisation as per the
                                            extant process
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Workplace Responsibilities



Fair
Employment Practices and Diversity



| | · | ICICI
                                            Group is committed to adoption of fair employment practices. It ensures diversity of workplace
                                            through efforts to recruit, develop and retain the most talented people from a diverse candidate
                                            pool. It upholds the principle that advancement is based on talent and performance and there
                                            is a commitment to equal opportunity.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | As
                                            a fair employment practice,  you shall not (during the course of your service or 
                                            for a period of one year from the date of cessation), directly or indirectly on your own
                                            accord or on behalf of or in conjunction with any other person, solicit or employ any director,
                                            officer or employee of ICICI Group as well as any employee of any client or service provider/vendor
                                            (with which client or service provider/vendor you have been associated in the one year
                                            prior to your cessation of service), of the ICICI Group in any activity, vocation, profession,
                                            employment, consultancy, service, occupation or business that you undertake or in any manner,
                                            cause such person to be solicited or employed by any person or enterprise with whom you may
                                            be associated in any capacity.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Fair
Competition



| | · | Although
                                            it is common to gather information about the general marketplace, including competitors'
                                            products and services, the Company wants to compete fairly.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Drug
Free Workplace



| | · | You
                                            should ensure that your workplace is healthy and productive and free from drugs.
| | - | --------------------------------------------------------------------------------------------------------------------------------



Discrimination
and Harassment and Intimidation



| | · | ICICI
                                            Group is committed to prohibition of harassment and intimidation of employees in the workplace.
                                            ICICI Group discourages conduct that implies granting or withholding favours or opportunities
                                            as a basis for decisions affecting an individual, in return for that individual’s compliance.
                                            Such action is an easier form of harassment to identify because it takes the form of either
                                            a threat or a promise, whether explicit or implied.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------






15


| | · | ICICI
                                            Group has a Sexual Harassment Policy that prohibits unwelcome advances, requests for sexual
                                            favours, or other verbal or physical conduct where such conduct has the purpose or effect
                                            of unreasonably interfering with an individual’s work performance or creating an intimidating,
                                            hostile or offensive working environment.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Safety
in the Workplace



| | · | ICICI
                                            Group considers safety of employees as the primary concern. ICICI Group is committed to safety
                                            of employees and expects its businesses and employees to comply fully with appropriate laws
                                            and internal regulations.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | ICICI
                                            Group encourages responsible behaviour of its employees and colleagues that result in the
                                            best possible accident prevention measures. This applies both to the technical planning of
                                            workplaces, equipment, and processes and to safety management and personal behaviour in everyday
                                            workplace.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Your
                                            work environment, therefore, must conform to the requirements of health oriented safety design
                                            and you must constantly be attentive to safety principles.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Fair
Treatment of counter-parties



| | · | The
                                            quality of our relationships with our suppliers and other external counterparties often has
                                            a direct bearing on the quality of our products, services and ultimately our customer relationships.
                                            We therefore expect our suppliers to operate to the same standards as we expect of ourselves.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | All
                                            such relationships with external counter-parties should be conducted in professional and
                                            impartial manner. Vendor selection and hiring decisions must be made objectively and in best
                                            interest of ICICI Group, based on evaluation of integrity, suitability, price, delivery of
                                            goods/ service, quality and other pertinent factors. You should commit to fair contract and
                                            payment terms with them in return of good service at a good price supplied in a responsible
                                            manner.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Your
                                            personal relationship with contractors, suppliers and vendors should be disclosed to your
                                            superior at the time of entering into the transaction and should not influence decisions
                                            made on behalf of ICICI Group. Negotiations with customers and potential customers should
                                            be conducted in a professional manner.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Vendors
                                            or suppliers should not be used for any personal purposes, so as to have any conflict of
                                            interest while dealing with them.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Fair
Treatment of customers






16


Products
offered should be appropriate to the needs of the customer and based on an assessment of the customer’s financial capability and
understanding. The Bank will ensure that customers are treated fairly and transparently with regard to suitability and appropriateness
of the products sold.



Corporate
Opportunities



| | · | Employees,
                                            officers and Directors are prohibited from taking for themselves business opportunities that
                                            arise through the use of corporate property, information or position. No employee, officer
                                            or Director may use corporate property, information or position for personal gain, and no
                                            employee, officer or Director may compete with ICICI Group.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Competing
                                            with ICICI Group may involve engaging in the same line of business as the Group, or any situation
                                            where the employee, officer or Director takes away from the Group opportunities for sales
                                            or purchases of property, products, services or interests.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Contact
with Media



| | · | In
                                            order to pro-actively manage our reputation with the media and to ensure consistency of messages,
                                            interaction with media must only occur with the prior approval of Corporate Brand and communications
                                            Group.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Social
Media



| | · | Social
                                            media allows users to interact with each other by sharing information, opinions, knowledge
                                            and interests. Some examples of social media are sites such as Facebook, YouTube, LinkedIn,
                                            Orkut, Twitter etc.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | There
                                            are various risks associated with communicating on the Social Media platform. Thus, there
                                            is a need to address such concerns in an appropriate manner keeping in mind employee’s
                                            freedom and the interest of the Bank and its wider stakeholders.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Bank’s
                                            Social Media Policy lays down standards employees should adhere to while communicating internally,
                                            externally as well as online.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Dos
and Don’ts



Do



| | · | Ensure
                                            that external, internal & online communications are in line with the Bank’s Social
                                            Media Policy
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Respect
                                            personal dignity, privacy, and personal rights of every individual
| | - | ----------------------------------------------------------------------------------------------------------------------



| | · | Work
                                            together with women and men of various nationalities, cultures, religions, and races in a
                                            professional manner
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------






17


| | · | Be
                                            open and honest and stand by your responsibility
| | - | -----------------------------------------------------------------------------------------------



| | · | Treat
                                            our customers, suppliers, competitors and employees fairly
| | - | ------------------------------------------------------------------------------------------------------------



| | · | Maintain
                                            the safe and healthy working environment provided by the company
| | - | ---------------------------------------------------------------------------------------------------------------------



| | · | Be
                                            committed to prevent wasteful use of natural resources
| | - | -----------------------------------------------------------------------------------------------------



Don’t



| | · | Discriminate,
                                            harass or offend anybody by whatever means, be it sexual or otherwise
| | - | -------------------------------------------------------------------------------------------------------------------------------



| | · | Use
                                            ICICI Group systems to transmit or receive electronic images or text of a sexual nature or
                                            containing ethical slurs, racial epithets or other harassing, offensive or lewd materials
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Obtain
                                            competitive information by unethical or illegal means, such as corporate espionage or improper
                                            access to confidential information
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Engage
                                            in contacts with competitors that could create even an appearance of improper agreements,
                                            whether the contact is in person, in writing, by telephone or through e-mail
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Take
                                            unfair advantage of anyone through manipulation, concealment, abuse of privileged information,
                                            misrepresentation of material facts or any other unfair dealing practice
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Do
                                            not issue directives to violate the terms of vendor’s contracts
| | - | --------------------------------------------------------------------------------------------------------------



| | · | Use
                                            any unauthorised channels/platforms for any official communication in the course of carrying
                                            out his/her designated duties and functions
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Raising
Ethical Issues



| | · | ICICI
                                            Group encourages employees to report to their supervisor/HR/compliance or reporting mechanism
                                            under Whistle Blower Policy, concerns and suspected violations of the Code, internal policies,
                                            external legal and regulatory requirements etc. While ICICI Group encourages you to identify
                                            yourself (and will maintain due confidentiality), you may choose to remain anonymous. All
                                            significant breaches should be escalated immediately.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | ICICI
                                            Group will conduct prompt and thorough investigations of alleged violation and take appropriate
                                            corrective action.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Retaliatory
                                            action against an employee for making a good faith report is prohibited.
| | - | --------------------------------------------------------------------------------------------------------------------------------



| | · | HR
                                            takes appropriate actions against individuals who have broken laws, rules and regulations.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------



| | · | An
                                            employee who knowingly violates the internal policies and guidelines shall be subject to
                                            disciplinary action, including demotion or dismissal.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | In
                                            case of any doubts in undertaking any new role, assignment or responsibilities, please ensure
                                            all dos and don’ts are well understood, so as to avoid pleading ignorance by overstepping
                                            on some protocols.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------






18


Investigations



You
are required to cooperate fully with authorised internal and external investigations. Making false (or misleading) statements to regulators/auditors/ICICI



Group
representatives during investigations can be a criminal act that can result in heavy penalties.



Dos
and Don’ts



Do



| | · | Report
                                            to your supervisor/HR/compliance or reporting mechanism under Whistle Blower Policy, concerns
                                            and suspected violations of the Code, internal policies, external legal and regulatory requirements
                                            etc.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Don’t



| | · | Knowingly
                                            withhold information that raises ethical questions and bring such issues to the attention
                                            of senior management or ensure reporting as per the applicable Whistle Blower Policy. Employees
                                            may refer the Whistle Blower Policy available on the Intranet for more details. (Intranet-Reporting
                                            Tools-Whistle Blower Policy).
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Destroy
                                            records that are potentially relevant to a violation of law or any litigation or any pending,
                                            threatened or foreseeable government investigation or proceeding
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Special
Responsibilities of Superiors and Managers



In
addition to responsibilities as employees, supervisors and managers must abide by the:



| | · | Duty
                                            of selection - Carefully select the employees for a job in light of their personal and professional
                                            qualifications. The duty of care increases with the importance of the obligation to be entrusted
                                            to the employee.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Duty
                                            of instruction - Formulate obligations in a precise, complete, and binding manner, especially
                                            with a view to ensure compliance with provisions of instructions.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Duty
                                            of monitoring - Ensure that compliance with provisions of applicable laws/ regulations is
                                            monitored on a constant basis.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Duty
                                            of communication - Communicate to the employees that any violations of the applicable laws/regulations
                                            are disapproved of and would have disciplinary implications.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Dos
and Don’ts






19


Do



| | · | Strive
                                            to create and sustain an environment that promotes ethical behaviour
| | - | -----------------------------------------------------------------------------------------------------------------------



| | · | Assist
                                            your staff to understand and apply the internal policies and procedures
| | - | --------------------------------------------------------------------------------------------------------------------------



| | · | Encourage
                                            and practice whistle blowing, so as to avoid any doubts later that an offence was being committed
                                            with your knowledge, which could be construed as connivance by the employee
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Don’t



| | · | Issue
                                            directives to violate the terms of internal policies/procedures
| | - | -----------------------------------------------------------------------------------------------------------------



| | · | Disclose
                                            identity of employee raising concerns (including under the Whistle Blower policy) or retaliate
                                            against employee for raising concerns (including under the Whistle Blower policy)
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Compliance
with Laws, Rules and Regulations



| | · | ICICI
                                            Group's Policy is to maintain an open and co-operative relationship with our regulators and
                                            to comply with all applicable laws, rules and regulations. The Group also disseminates information
                                            regarding compliance with laws, rules and regulations that affect business.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Accordingly
                                            the Bank has put in place the Group Compliance Policy as approved by the Board of Directors.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Violation
                                            of the law must be avoided under any circumstances, especially violations that attract punishment
                                            of imprisonment, monetary penalties, or fines. Notwithstanding the legal consequences of
                                            such violation, any employee found guilty will be additionally liable to disciplinary actions,
                                            initiated by the company for violating the Code.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Particular
                                            care should be taken to act legally in those areas where the law is evolving rapidly or is
                                            being extended to cover activities that have not been covered by legal requirements in the
                                            past. When in doubt, the Compliance Group should be consulted.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | All
                                            employees will have an obligation to abide by the country specific laws/regulations/ requirements
                                            as stipulated in the “Country Specific Standards”, wherever applicable as per
                                            the roles and responsibilities in addition to the provisions of the Code. For example, any
                                            employee of the Bank, located in India, having access to personal data/customer information
                                            of the Singapore branch shall be obliged to abide by the “Country Specific Standards”
                                            relevant to Singapore in addition to the provisions of the Code. The employees are also obliged
                                            to abide by the updates in the Country Specific Standards as may be amended from time to
                                            time.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Independent
                                            Directors of the Bank shall adhere to the duties as provided in Code for Independent Directors
                                            under Schedule IV of the Companies Act, 2013 as well as duties as prescribed in the Companies
                                            Act, 2013 as amended from time to time and the deed of covenants specified by RBI which shall
                                            also form an integral part of the Code (attached as Appendix) and all Directors and other
                                            employees shall ensure compliance with applicable laws, rules and regulations applicable
                                            to them from time to time.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------






20


Dos
and Don’ts



Do



| | · | Familiarise
                                            yourself with the ICICI Group Compliance Policy
| | - | -------------------------------------------------------------------------------------------------------



| | · | Comply
                                            with all applicable laws, rules and regulations
| | - | --------------------------------------------------------------------------------------------------



| | · | Contact
                                            with regulators through designated officials as per internal guidelines
| | - | ---------------------------------------------------------------------------------------------------------------------------



| | · | Notify
                                            Compliance Group immediately of any significant contacts made directly by a regulator
| | - | ----------------------------------------------------------------------------------------------------------------------------------------



Don’t



| | · | Commit
                                            an illegal or unethical act, or instruct others to do so, for any reason
| | - | ---------------------------------------------------------------------------------------------------------------------------



| | · | Commit
                                            such acts simply because you see someone else doing it, or your supervisor not warning you
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------



Key
Irregularities



| | · | While
                                            the Group believes that the employees would realise and appreciate the need to follow this
                                            Code in letter and spirit, in an unfortunate incident or act of breach, a corrective and/or
                                            deterrent action becomes unavoidable. Therefore any breach of the stipulations mentioned
                                            in the Code should be treated as misconduct for which appropriate penalty would be imposed.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Based
                                            on the intent, seriousness and mitigating/extenuating circumstances of such non-compliance
                                            the breaches can be broadly classified into four categories as detailed hereunder.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



A.
Habitual Irregularities



Repeated
negligence in performing duties, depending on the gravity and consequences to the Company may fall under this category. Illustrative
behaviour includes:



| | · | Unpunctual
                                            or irregular attendance, leaving workplace without permission, habitual or prolonged absence
                                            without leave
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Negligence
                                            or failure to take due care while obtaining and preserving documents/records
| | - | -----------------------------------------------------------------------------------------------------------------------------------



| | · | Negligence
                                            or failure to ensure accuracy and timely completion of work
| | - | ------------------------------------------------------------------------------------------------------------------








21




| | · | Indecent/discourteous
                                            behaviour with customers, employees, superiors etc
| | - | --------------------------------------------------------------------------------------------------------------------



| | · | Not
                                            following the prescribed dress code
| | - | -----------------------------------------------------------------------------------



| | · | Showing
                                            an intransigent or unreasonably negative attitude to management and/or fellow employees
| | - | -------------------------------------------------------------------------------------------------------------------------------------------



| | · | Minor
                                            breach of health and safety requirements
| | - | ------------------------------------------------------------------------------------------



| | · | Smoking
                                            in a non-designated area
| | - | ----------------------------------------------------------------------------



| | · | Careless
                                            use of the Company’s equipment or furniture
| | - | ------------------------------------------------------------------------------------------------



| | · | Refusing
                                            to attend nominated training programs unless agreed upon with superior
| | - | ---------------------------------------------------------------------------------------------------------------------------



| | · | Use
                                            of foul or abusive language (whether verbal or in writing)
| | - | ----------------------------------------------------------------------------------------------------------



| | · | Refusing
                                            a reasonable request to moderate changes in responsibilities if such a change is a business
                                            necessity
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Being
                                            under the influence of alcohol and/or drugs not medically prescribed when at work (whether
                                            on ICICI Group premises or otherwise)
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Consumption
                                            or being under the influence of drugs not medically prescribed and/or excessive alcohol at
                                            a management sponsored event
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Indulging
                                            in habitual errors, negligence while performing duties
| | - | ------------------------------------------------------------------------------------------------------------



B.
Gross/serious violations



Any
act which is in breach of the Code, internal policies/procedures and which may cause financial loss or reputation risk to the Company
falls under this category.



Illustrative
behaviour under this category includes:



| | · | Failing
                                            to comply with ICICI Group policies, procedures, rules and working practices
| | - | --------------------------------------------------------------------------------------------------------------------------------



| | · | Obstructing
                                            the customers from dealing with ICICI Group or obstructing other employees from discharging
                                            their responsibilities
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Engaging
                                            in any other trade/business/employment while in the employment of the Company without confirming
                                            with your supervisor
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Participation
                                            in any demonstration against the Company or its officials
| | - | -------------------------------------------------------------------------------------------------------------------



| | · | Accepting
                                            gifts and favours from clients and vendors in violation of relevant guidelines
| | - | ------------------------------------------------------------------------------------------------------------------------------------



| | · | Disrupting/slowing
                                            down of continuous customer service or work, in the branch or office - either solely or by
                                            way of participation in strike, bandh etc.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Violation
                                            of any of the provisions of the security policy including Information Security Policy of
                                            the company
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Taking
                                            a decision, which has financial implications favouring you, any of your teams or relatives
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------



| | · | Involvement
                                            in harassment including sexual harassment or racial harassment
| | - | ----------------------------------------------------------------------------------------------------------------------



| | · | Failure
                                            to take all possible steps to protect the interest of ICICI Group and to perform duties with
                                            utmost integrity, honesty, devotion & diligence
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Indulging
                                            in any act which is likely to cause damage/loss to the property and which are prejudicial
                                            to the reputation and interest of ICICI Group
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Failure
                                            to act in the best judgment while performing duties as well as while exercising delegated
                                            power entrusted by ICICI Group
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Failure
                                            to avoid indebtedness in any manner while in service
| | - | --------------------------------------------------------------------------------------------------------



| | · | Engaging
                                            in and/or facilitating any financial dealing/s including money lending whatsoever with colleagues
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Any
                                            act which brings or have the potential to bring dis-repute to the image of ICICI Group at
                                            all times
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Failure
                                            to comply with existing regulatory rules and regulations such as Reserve Bank of India Act,
                                            1934 and Banking Regulations Act, 1949, etc.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Any
                                            other act which is against the ethos/culture of the company
| | - | -----------------------------------------------------------------------------------------------------------






22


C.
Fraudulent Irregularities



Any
act with a fraudulent or malafide intention irrespective of whether there was any financial loss or loss of reputation to ICICI Group
falls in this category. Some illustrative behaviour under this category would include:



| | · | Suppressing
                                            or misrepresentation of facts
| | - | -------------------------------------------------------------------------------------



| | · | Any
                                            act of creation/acceptance of fake/incorrect/fraudulent records or manipulation of records
                                            with fraudulent intention i.e. fudging of records, MIS records, etc.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Failure
                                            of due diligence in any deal/transaction to avoid any possibilities of a fraud or money laundering
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Data
                                            theft or pilferage or any dishonest act
| | - | ----------------------------------------------------------------------------------------



| | · | Involvement
                                            in any act in the area of corruption, misuse of office, criminal offences, suspected or actual
                                            fraud etc.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Helping
                                            customers in ways which could lead to a loss to ICICI Group
| | - | ---------------------------------------------------------------------------------------------------------------



| | · | Engaging
                                            in and/or facilitating any financial dealings through your personal banking account.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------



The
Bank is governed by the Companies Act which as recently revised in August 2013 has defined the act of “fraud” under Section
447 and has prescribed the penal provisions for the same. The same is given below:



Definition
of Fraud:



“Fraud”
in relation to affairs of a company or anybody corporate, includes any act, omission, concealment of any fact or abuse of position committed
by any person or any other person with the connivance in any manner, with intent to deceive, to gain undue advantage from, or to injure
the interests of, the company or its shareholders or its creditors or any other person, whether or not there is any wrongful gain or
wrongful loss;



| | i. | “Wrongful
                                            gain” means the gain by unlawful means of property to which the person gaining is not
                                            legally entitled;
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | ii. | “Wrongful
                                            loss” means the loss by unlawful means of property to which the person losing is legally
                                            entitled.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Punishment
for fraud:



Without
prejudice to any liability including repayment of any debt under this Act or any other law for the time being in force, any person who
is found to be guilty of fraud, shall be punishable with imprisonment for a term which shall not be less than six months but which may
extend to ten years and shall also be liable to fine which shall not be less than the amount involved in the fraud, but which may extend
to three times the amount involved in the fraud.



Provided
that where the fraud in question involves public interest, the term of imprisonment shall not be less than three years.






23


Employees
are requested to be mindful of the above provisions and exercise necessary diligence.



D.
Irregularities in High Risk Areas



Any
act which may not be apparently with fraudulent intention but are considered as



High
Risk area irrespective of any financial loss or loss to the reputation to ICICI Group falls in this category. This includes:



| | · | Failure
                                            to act in spite of having knowledge of wrong things being practiced,
| | - | ------------------------------------------------------------------------------------------------------------------------



| | · | Failure
                                            to take corrective steps to stop such wrong practices,
| | - | ----------------------------------------------------------------------------------------------------------



| | · | Failure
                                            to escalate such matters to higher authorities
| | - | --------------------------------------------------------------------------------------------------



The areas considered,
as High Risk will be assessed by the Senior Management of the Group. The Senior Management will also have the power and authority to
notify the list of High Risk areas from time to time.



It must be noted
that irregularities cited in the above categories are indicative in nature and are not exhaustive.



Disciplinary
Procedures



The
following paragraphs deal with the disciplinary procedures, which could be used as indicative guidance for the ICICI Group constituents
while formulating their respective disciplinary procedures.



| | · | The
                                            primary objective of the disciplinary procedure is to make employees aware of the instance/s
                                            of apparent and reported breach of the Code on their part and to afford such employees with
                                            an opportunity of making submission against such reported instance/s including improving
                                            their attendance, work performance or amending/ rectifying their conduct as the case may
                                            be, should they fall below the standards expected by ICICI Group.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | When
                                            deciding upon the appropriate way to deal with any potential issues an employee has in meeting
                                            ICICI Group standards, the reasons behind this difficulty will be considered. There may be
                                            occasions when problems are due to an employee’s incapability to do his/her job, personal
                                            circumstances or health rather than there being any measure of personal blame. In such cases,
                                            the employee will be informed by the immediate manager that he/she is not meeting the required
                                            standards.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | The
                                            immediate manager will discuss his or her concerns with the employee and where appropriate,
                                            will agree objectives with the employee to be achieved over a reasonable period of time.
                                            The immediate manager will also discuss any assistance the employee may require, including
                                            where practicable - training. If after a reasonable time, an employee is still unable to
                                            reach the required standards, the matter may be dealt with within the context of the disciplinary
                                            procedure.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | If
                                            the problem relates to the employee’s health, the immediate manager may arrange for
                                            the employee to see ICICI Group nominated Medical Advisor.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------






24


| | · | If
                                            the problem stems from the employee’s failure to demonstrate satisfactory conduct,
                                            or there are problems with the employee’s performance e.g. due to the employee’s
                                            inattention or lack of motivation, the disciplinary procedure will be implemented.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Usually
                                            disciplinary procedure would start after detailed fact finding exercise/internal investigation
                                            including one-to-one discussion with the concerned employee, where-ever possible-by the respective
                                            business group, is carried out and a detailed report to that effect is submitted to HRMG.
                                            In deserving cases such investigation may be carried out independent of the respective business
                                            group.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Disciplinary
action



Depending
upon the nature and seriousness of non-compliant behaviour, the Company may take corrective action against the erring employees. The
Company may prefer civil or criminal action against errant employees. Such actions may include penalties as deemed appropriate considering
the nature of violation and its implications on the Company. The extenuating/mitigating circumstances, if any, may also be considered
while taking action.



These
actions could be - Cautionary Action, Deterrent Action and Capital Action



Cautionary
action



The
cautionary or exemplary action(s) may be in the form of:



| | · | Condoning,
                                            advising, warning, censuring, etc.
| | - | -----------------------------------------------------------------------------------------



| | · | Imposition
                                            of fine
| | - | --------------------------------------------------------------



| | · | Suspension
                                            from employment for a certain period of time
| | - | ---------------------------------------------------------------------------------------------------



| | · | Adversely
                                            impacting annual performance rating
| | - | -----------------------------------------------------------------------------------------



| | · | Withholding
                                            of increment
| | - | --------------------------------------------------------------------



| | · | Withholding
                                            of performance linked bonus/incentive (partly)
| | - | ------------------------------------------------------------------------------------------------------



Deterrent
action



The
deterrent action(s) may be in the form of:



| | · | Recovery
                                            of full/partial monetary loss caused or likely to be caused to the Company
| | - | -------------------------------------------------------------------------------------------------------------------------------



| | · | Suspension
                                            from employment for a certain period of time
| | - | ---------------------------------------------------------------------------------------------------



| | · | Withholding
                                            of increments
| | - | ---------------------------------------------------------------------



| | · | Withholding
                                            of Performance linked bonus / incentive
| | - | -----------------------------------------------------------------------------------------------



| | · | Withholding
                                            of promotion
| | - | --------------------------------------------------------------------



| | · | Demoting
                                            to the lower grade or level
| | - | --------------------------------------------------------------------------------



| | · | Reduction
                                            in basic salary
| | - | ---------------------------------------------------------------------










25


Capital
action



The
capital action may be in the form of:



| | · | Termination
                                            of services
| | - | -------------------------------------------------------------------



| | · | Dismissal
                                            from services
| | - | -------------------------------------------------------------------



| | · | Exit
                                            Through Resignation at the instance of the Bank
| | - | ------------------------------------------------------------------------------------------------



| | · | Compulsory
                                            Retirement
| | - | -----------------------------------------------------------------



Process
for taking disciplinary action



| | · | It
                                            must be clearly understood that the Company will be the sole judge to decide on the categorization
                                            of breaches as also the form of corrective actions.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | All
                                            disciplinary action would start on the basis of the report received by the HRMG from the
                                            respective business group after following the process as described in the foregoing.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Depending
                                            upon the nature of such report employee/s would be informed in writing of the gist of the
                                            instance/s of breach of the Code reported against them and would be afforded with an opportunity
                                            to make their submission/s in writing within specific time frame to the designated official
                                            in HRMG. On receipt of such communication from HRMG employees would be required to make their
                                            submission/s in writing which would be taken into consideration while arriving at a decision.
                                            However, in case employee/s choose not to avail of such an opportunity within the specific
                                            time frame or within extended time frame, if allowed by HRMG in deserving cases, it would
                                            be construed that the employee concerned has no submission to make and accordingly the matter
                                            would be decided upon ex-parte and any decision taken in that circumstances would be binding
                                            on the concerned employee.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | HRMG
                                            of the Company would put in place a matrix of Disciplinary Authority and the Appellate Authority
                                            to carry out all administrative/disciplinary actions envisaged under the Code.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



For
ICICI Bank, India, a designated Disciplinary Authority will on the basis of reports submitted to it by an Investigating authority
and/or suo-moto after ensuring adherence to due process initiate appropriate investigation and disciplinary proceedings/actions
against an erring employee and impose penalty/ies including but not limited to, placing an employee under suspension.



An
employee against whom an order has been passed by a Disciplinary Authority, may, within seven working days from the date of receipt of
the order, prefer an appeal in writing to the Appellate Authority. Such written appeals, if received within the stipulated time, shall
be disposed of by the Appellate Authority by way of a detailed speaking order.



The
Disciplinary Authority and the Appellate Authority shall be as under –



|Grade                                                                    | Disciplinary
    Authority                    | Appellate
    Authority                        
|------------------------------------------------------------------------ | --------------------------------------------- | -----------------------------------------------
|Employee in
    the grades up to and inclusive of Chief Manager (Band I) | Assistant
    General Manager (AGM) and above | Leadership
    Team                            
|Chief Manager
    (Band II) and Assistant General Manager                | Leadership
    Team                           | Senior
    Management Personnel                
|Leadership
    Team                                                      | Senior Management
    Personnel               | Executive
    Director/President               
|Senior
    Management Personnel                                          | Executive Director/President                  | Managing Director
    & Chief Executive Officer








26


| | · | The
                                            range of possible actions outlined above should not be regarded as necessarily either sequential
                                            or cumulative. ICICI Group reserves the right to omit any or all of the levels of action
                                            where it considers it appropriate. It is for the relevant manager to decide which of the
                                            possible responses is appropriate in any given case. For example, if a single breach of discipline
                                            is serious (albeit it may be the employee’s first breach of discipline) the employee
                                            may be given a final warning notwithstanding the fact that no previous warnings have been
                                            given.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | ICICI
                                            Group reserves the right to suspend an employee on payment of Subsistence Allowance as per
                                            rules pending the outcome of disciplinary action.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



An
employee of ICICI Group entity incorporated in India, on suspension, shall be eligible to receive subsistence allowance at the rate of
one third of basic pay the employee was drawing on the day preceding to the date of suspension plus other allowances (except conveyance/
transport allowances) proportionately on such reduced basic pay for the first three months and at the rate of one half of the basic pay
the employee was drawing on the day preceding to the date of suspension plus other allowances (except conveyance/ transport allowances)
proportionately on such reduced basic pay from the fourth month till completion of disciplinary action or the revocation of the suspension,
as the case may be. This will however be subject to the applicable law, if any.



Such
subsistence allowance would be payable to such an employee on his/her furnishing a declaration every month acceptable to the Company
that he/she is not engaged in any other employment, business, profession, or vocation or in any gainful activities, self-employment whether
or not having earned any income. An employee under suspension shall have to report to the company for the purpose of investigation/enquiry
as and when required by the company and shall not leave the station of his posting from where he was suspended without permission of
the competent authority.



Compliance
with the Code



| | · | ICICI
                                            Group recognises the need for this Code to be applied equally to everyone it covers. All
                                            employees, Directors and officers are expected to comply with all of the provisions of this
                                            Code. The Code will be strictly enforced and violations will be dealt with immediately, including
                                            subjecting persons to corrective and/or disciplinary action such as dismissal or removal
                                            from office.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------






27


| | · | The
                                            Group Chief Compliance Officer will have primary authority and responsibility for ensuring
                                            the implementation of this Code across the ICICI Group, subject to the supervision of the
                                            Board Governance & Remuneration Committee or, in the case of accounting, internal accounting
                                            controls or auditing matters, the Audit Committee of the Board of Directors. ICICI Group
                                            will devote the necessary resources to enable the Group Chief Compliance Officer to establish
                                            such procedures as may be reasonably necessary to create a culture of accountability and
                                            facilitate compliance with this Code. Queries concerning this Code should be directed to
                                            the Group Chief Compliance Officer. A facility to raise such queries has been hosted on the
                                            Universe.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | The
                                            Group Chief Compliance Officer shall not be member of any committee which brings his/her
                                            role in conflict with responsibility as member of the committee, including any committee
                                            dealing with purchases/sanctions. In case the GCCO is member of a committee, he/she may have
                                            only advisory role. The GCCO will however approve such expenses incurred on behalf of the
                                            Bank/ ICICI Group where such approvals are in line with Delegated Financial Powers (DFP)
                                            of the GCCO.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Employees,
                                            officers and Directors should promptly report any concerns about violations of ethics, laws,
                                            rules, regulations or this Code, including by any senior executive officer or director, to
                                            their supervisors/managers or the Group Chief Compliance Officer or in the case of accounting,
                                            internal accounting controls or auditing matters, the Audit Committee of the Board of Directors.
                                            Any concerns involving the Group Chief Compliance Officer should be reported to the Board
                                            Governance & Remuneration Committee.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | The
                                            Group Chief Compliance Officer shall notify the Board Governance & Remuneration Committee
                                            of any concerns about violations of ethics, laws, rules, regulations of this Code by any
                                            senior executive officer or Director reported to him.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | You
                                            should report actions that may involve Conflict of Interest to the Group Chief Compliance
                                            Officer. In order to avoid Conflicts of Interest, executive officers and Directors must disclose
                                            to the Group Chief Compliance Officer any material transaction or relationship that could
                                            reasonably be expected to give rise to such a Conflict of Interest, and the Group Chief Compliance
                                            Officer shall notify the Board Governance & Remuneration Committee of any such disclosure.
                                            In theevent
                                            that the Group Chief Compliance Officer is subject to any Conflicts
                                            of Interest, he/she shall report about the same to the Board Governance & Remuneration
                                            Committee.
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | ICICI
                                            Group encourages all employees, officers and Directors to report any suspected violations
                                            promptly and intends to thoroughly investigate any good faith reports of violations. ICICI
                                            Group will not tolerate any kind of retaliation for reports or complaints regarding misconduct
                                            that were made in good faith. Open communication of issues and concerns by all employees,
                                            officers and Directors without fear of retribution or retaliation is vital to the successful
                                            implementation of this Code. You are required to cooperate in internal investigations of
                                            misconduct and unethical behaviour.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | Interested
                                            parties may also communicate directly with the Company’s non-management Directors through
                                            contact information mentioned in the Company’s Annual Report or on the website.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------






28


Waivers
and Amendments



Any
waivers (including any implicit waivers) of the provisions in this Code for executive officers or Directors may only be granted by the
Board of Directors and will be promptly disclosed to the shareholders. Any such waivers will also be disclosed in the Group’s Annual
Report under Indian law and its Annual Report on Form 20-F. Any waivers of this Code for other employees may only be granted by the Group
Chief Compliance Officer. Amendments to this Code must be approved by the Board of Directors and will also be disclosed in the Company’s
Annual Reports.






29


Appendix



Duties of Directors
as per Section 166 of the Companies Act, 2013:



| | 1. | Subject
                                            to the provisions of this Act, a director of a company shall act in accordance with the articles
                                            of the company.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2. | A
                                            director of a company shall act in good faith in order to promote the objects of the company
                                            for the benefit of its members as a whole, and in the best interests of the company, its
                                            employees, the shareholders, the community and for the protection of environment.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | A
                                            director of a company shall exercise his duties with due and reasonable care, skill and diligence
                                            and shall exercise independent judgment.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | A
                                            director of a company shall not involve in a situation in which he may have a direct or indirect
                                            interest that conflicts, or possibly may conflict, with the interest of the company.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 5. | A
                                            director of a company shall not achieve or attempt to achieve any undue gain or advantage
                                            either to himself or to his relatives, partners, or associates and if such director is found
                                            guilty of making any undue gain, he shall be liable to pay an amount equal to that gain to
                                            the company.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | A
                                            director of a company shall not assign his office and any assignment so made shall be void.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------



| | 7. | If
                                            a director of the company contravenes the provisions of this section such director shall
                                            be punishable with fine which shall not be less than one lakh rupees but which may extend
                                            to five lakh rupees.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Duties of Independent
Directors as per Schedule IV of the Companies Act, 2013:



The independent directors shall -



| | 1. | undertake
                                            appropriate induction and regularly update and refresh their skills, knowledge and familiarity
                                            with the company;
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2. | seek
                                            appropriate clarification or amplification of information and, where necessary, take and
                                            follow appropriate professional advice and opinion of outside experts at the expense of the
                                            company;
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | strive
                                            to attend all meetings of the Board of Directors and of the Board committees of which he
                                            is a member;
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 4. | participate
                                            constructively and actively in the committees of the Board in which they are chairpersons
                                            or members;
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 5. | strive
                                            to attend the general meetings of the company;
| | -- | -------------------------------------------------------------------------------------------------



| | 6. | where
                                            they have concerns about the running of the company or a proposed action, ensure that these
                                            are addressed by the Board and, to the extent that they are not resolved, insist that their
                                            concerns are recorded in the minutes of the Board meeting;
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 7. | keep
                                            themselves well informed about the company and the external environment in which it operates;
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------



| | 8. | not
                                            to unfairly obstruct the functioning of an otherwise proper Board or committee of the Board;
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------



| | 9. | pay
                                            sufficient attention and ensure that adequate deliberations are held before approving related
                                            party transactions and assure themselves that the same are in the interest of the company;
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------






30


| | 10. | ascertain
                                            and ensure that the company has an adequate and functional vigil mechanism and to ensure
                                            that the interests of a person who uses such mechanism are not prejudicially affected on
                                            account of such use;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 11. | report
                                            concerns about unethical behaviour, actual or suspected fraud or violation of the company’s
                                            code of conduct or ethics policy;
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 12. | acting
                                            within his authority, assist in protecting the legitimate interests of the company, shareholders
                                            and its employees;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 13. | not
                                            disclose confidential information, including commercial secrets, technologies, advertising
                                            and sales promotion plans, unpublished price sensitive information, unless such disclosure
                                            is expressly approved by the Board or required by law.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------










31


Employee Declaration



(To be submitted
to the HR at the time of joining)



I
Mr. /Ms. __________________________________________________ confirm and declare that:



| | · | I
                                            have read and understood the terms of employment applicable to me and the provisions of the
                                            Group Code of Business Conduct and Ethics
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | I
                                            shall, during the course of my service with the Bank/Group companies or in the event of cessation
                                            of my service in the future, due to any reason whatsoever, for a period of six months from
                                            the date of such cessation, directly or indirectly, either on my own accord or on behalf
                                            or in conjunction with any other person/s, firm or company refrain/desist from canvassing
                                            or soliciting attempting to or inducing any employee(s) business associate(s) to leave their
                                            current employment with the Bank/Group companies/ business partners to join the services
                                            of any new employer/firm/company or any other competitor of the Group companies/ Business
                                            Partners.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | I
                                            am aware that any act in contravention of the above provision on my part shall attract initiation
                                            of appropriate action as deemed fit by ICICI Group.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | · | I
                                            shall disclose the following details, whenever required by the Company:
| | - | ---------------------------------------------------------------------------------------------------------------------



| | · | All
                                            bank accounts being held by me - either singly or jointly with other family members
| | - | -----------------------------------------------------------------------------------------------------------------------------------



| | · | Investment
                                            made in immovable property including sale of such property
| | - | -----------------------------------------------------------------------------------------------------------------



| | · | A
                                            statement that I have no material interest or any other conflicting interests, in any person
                                            who is a party to a material contract or proposed contract with ICICI Group.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



_______________________________________



Employee
Signature



Date: