Key Event Details
Securities and Exchange Board of India (SEBI) issued a warning letter to ICICI Bank Limited (the Bank) dated June 1, 2026. The letter was received by the Bank on June 2, 2026 at 3:55 PM.
Regulatory Violation
The warning was issued to ICICI Bank in its capacity as a Custodian for permitting one Foreign Portfolio Investor (FPI) to repatriate funds prior to the completion of the committed retention period under the Voluntary Retention Route (VRR). This action was in violation of:
- Reserve Bank of India Master Direction dated January 7, 2025
- SEBI (Foreign Portfolio Investors) Regulations, 2019
Financial and Operational Impact
The disclosure explicitly states: "There is no material impact on the financial, operations or other activities of the Bank."
Disclosure Timing
The disclosure could not be submitted within the prescribed timeline due to an inadvertent internal delay. The letter was submitted to exchanges on June 4, 2026.
Recipients of Disclosure
The disclosure was submitted to:
- BSE Limited Listing Department
- National Stock Exchange of India Limited Listing Department
- Copy to: New York Stock Exchange (NYSE), SIX Swiss Exchange Ltd., Singapore Stock Exchange, and Japan Securities Dealers Association