Icici Asset Management

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a
completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same
event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
ICICI BANK LIMITED
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the

adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4),
and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in
Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the
IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
RESERVE BANK OF INDIA
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
03/29/2018
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
RESERVE BANK OF INDIA (RBI) HAS THROUGH AN ORDER DATED MARCH 26, 2018, IMPOSED A MONETARY PENALTY OF 589.0 MILLION INR (APPROX 9
MILLION USD, CONSIDERING 1$ = 64.90 INR AS ON MARCH 26, 2018) ON ICICI BANK LIMITED (BANK) FOR NON-COMPLIANCE WITH
DIRECTIONS/GUIDELINES ISSUED BY RBI.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):
03/26/2018
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 9,000,000.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:

Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived: 
RESERVE BANK OF INDIA (RBI) HAS THROUGH AN ORDER DATED MARCH 26, 2018, IMPOSED A MONETARY PENALTY OF 589.0 MILLION INR (APPROX 9
MILLION USD, CONSIDERING 1$ = 64.90 INR AS ON MARCH 26, 2018) ON ICICI BANK LIMITED FOR NON-COMPLIANCE WITH
DIRECTIONS/GUIDELINES ISSUED BY RBI. THIS PENALTY HAS BEEN IMPOSED IN EXERCISE OF POWERS VESTED IN RBI UNDER THE PROVISIONS OF
SECTION 47A(1)(C) READ WITH SECTION 46(4)(I) OF THE BANKING REGULATION ACT, 1949 (OF INDIA).
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must
fit within the space provided).
ICICI BANK LIMITED HAS MADE THE PAYMENT OF THE PENALTY AS DIRECTED BY RESERVE BANK OF INDIA.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a
completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same
event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
PRUDENTIAL PLC
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4),
and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in
Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the
IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No

NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
FINANCIAL SERVICES AUTHORITY OF NORWAY
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
04/05/2015
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
15/1968
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Equity Listed (Common & Preferred Stock)
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE FINANCIAL SUPERVISORY AUTHORITY OF NORWAY ("FSAN") ALLEGED THAT AFTER PRUDENTIAL PLC ACQUIRED SHARES IN STOREBRAND ASA, IT
CROSSED A 5% REPORTING THRESHOLD AND DID NOT IMMEDIATELY NOTIFY THE ISSUER AND THE FSAN, AS REQUIRED BY NORWEGIAN SECURITIES
TRADING ACT SECTION 4-3. PRUDENTIAL PLC REPORTED THE ACQUISITION TWO DAYS LATER.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Settled
11. Resolution Date (MM/DD/YYYY):
05/01/2015
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 11,800.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived: 
THE MATTER HAS BEEN CLOSED. PRUDENTIAL PLC PAID A VIOLATION CHARGE (PENALTY) OF $11,800 ON MAY 1, 2015. THERE WERE NO OTHER
SANCTIONS AND PRUDENTIAL PLC WAS NOT OBLIGED TO COMPLY WITH ANY UNDERTAKINGS.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must
fit within the space provided).

THE MATTER HAS BEEN CLOSED. PRUDENTIAL PLC PAID A VIOLATION CHARGE (PENALTY) OF $11,800 ON MAY 1, 2015. THERE WERE NO OTHER
SANCTIONS AND PRUDENTIAL PLC WAS NOT OBLIGED TO COMPLY WITH ANY UNDERTAKINGS

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a
completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same
event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4),
and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in
Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the
IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
08/28/2018
 Exact
 Explanation

If not exact, provide explanation:
4.
Docket/Case Number:
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
CERTAIN ALLEGED VIOLATIONS WERE OBSERVED DURING THE INSPECTION OF ICICI PRUDENTIAL MUTUAL FUND UNDER SEBI (MUTUAL FUNDS)
REGULATIONS, 1996 FOR THE PERIOD OF APRIL 01, 2014 TO MARCH 31, 2016. QUASI-JUDICIAL PROCEEDINGS HAD BEEN INITIATED BY SEBI, WITH
RESPECT TO FOLLOWING MATTERS: A)INVESTMENT BY SCHEMES AS PER THE INVESTMENT OBJECTIVE; B)REBALANCING OF SCHEME PORTFOLIO IN CASE
OF DOWNGRADE OF SECURITIES; AND C)DETERMINATION OF QUANTUM OF DIVIDEND AND FIXING OF RECORD DATE FOR DECLARATION OF DIVIDEND. IN
REFERENCE TO THE ABOVE, THE AMC AND ICICI PRUDENTIAL TRUST LIMITED (THE TRUSTEE COMPANY) HAD RECEIVED A SHOW CAUSE NOTICE ON AUGUST
28, 2018. PURSUANT TO COMPLETION OF QUASI-JUDICIAL PROCEEDINGS, SEBI SENT ITS ORDER DATED DECEMBER 23, 2019 LEVIED A PENALTY OF RS.
300,000 (APPROX. $4,212.00 USD TOTAL)ON THE AMC AND RS. 200,000 ON THE TRUSTEE COMPANY ONLY IN RESPECT OF MATTERS LISTED UNDER (A) AND
(C) ABOVE.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):
12/23/2019
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 4,212.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived: 
TOTAL FINANCIAL PENALTIES OF $4212 USD WERE LEVIED AGAINST THE AMC. THE PENALTY PAYMENT WAS MADE VIA DEMAND DRAFT DATED
JANUARY 31, 2020 AND THE SAME WAS SUBMITTED TO SEBI VIA LETTER DATED FEBRUARY 03, 2020.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must
fit within the space provided).
THE MATTER IS CLOSED.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)

11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a
completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same
event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
ICICI BANK LIMITED
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4),
and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in
Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the
IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
RESERVE BANK OF INDIA
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
05/03/2021
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product

Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE RESERVE BANK OF INDIA (RBI) HAS, BY AN ORDER DATED MAY 03, 2021, IMPOSED A MONETARY PENALTY OF 30 MILLION INR (APPROX.0.4 MILLION
USD, CONSIDERING 1$ = 74.18 INR AS ON MAY 03, 2021) ON ICICI BANK LTD. THIS PENALTY HAS BEEN IMPOSED UNDER THE PROVISIONS OF SECTION 47
A (1) (C) READ WITH SECTIONS 46 (4) (I) OF THE BANKING REGULATION ACT, 1949 FOR SHIFTING CERTAIN INVESTMENTS FROM HTM CATEGORY TO AFS
CATEGORY IN MAY 2017. THE BANK HAD TRANSFERRED TWO SEPARATE CATEGORIES OF SECURITIES ON TWO DIFFERENT DATES FROM HTM TO AFS IN
APRIL AND MAY OF 2017, WHICH IT BELIEVED WAS PERMISSIBLE AS PER MASTER CIRCULAR ON PRUDENTIAL NORMS FOR CLASSIFICATION, VALUATION
AND OPERATION OF INVESTMENT PORTFOLIO BY ICICI BANK LTD DATED JULY 01, 2015. RBI HAS HELD THAT THE SHIFTING OF SECURITIES THE SECOND
TIME IN MAY 2017 WITHOUT EXPLICIT PERMISSION WAS IN CONTRAVENTION OF RBI DIRECTIONS.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):
05/03/2021
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 400,000.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived: 
FULL FINE AMOUNT OF RS. 30 MILLION (APPROX.0.4 MILLION USD, CONSIDERING 1$ = 74.18 INR AS ON MAY 03, 2021) WAS PAID ON MAY 14, 2021.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must
fit within the space provided).
ICICI BANK LTD HAS MADE THE PAYMENT OF THE PENALTY AS DIRECTED BY RESERVE BANK OF INDIA.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Item 11.H. of Part 1A
or Item 2.F. of Part 1B of Form ADV.
Civil Judicial
Check Part 1A item(s) being responded to:
11.H(1)(a)
11.H(1)(b)
11.H(1)(c)
11.H(2)
Check Part 1B item(s) being responded to:
2.F(1)
2.F(2)
2.F(3)
2.F(4)
2.F(5)
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a
completed Execution Page.
One event may result in more than one affirmative answer to Item 11.H. of Part 1A or Item 2.F. of Part 1B. Use only one DRP to report details related to the
same event. Unrelated civil judicial actions must be reported on separate DRPs.

PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
ICICI BANK LIMITED
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.H.(1)
(a), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event
listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the
IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Court Action initiated by: (Name of regulator, foreign financial regulatory authority, SRO, commodities exchange, agency, firm, private plaintiff, etc.) 
PRIVATE PLAINTIFF: MR. RAKESH KUMAR GOEL AND REKHA GOEL
2.
Principal Relief Sought:
Money Damages (Private/Civil Complaint)
Other Relief Sought: 
3.
Filing Date of Court Action (MM/DD/YYYY):
09/15/2014
 Exact
 Explanation
If not exact, provide explanation:
4.
Principal Product Type:
Other
Other Product Types: 
REFERRAL ARRANGEMENT WITH REAL ESTATE CONSULTANCY FIRM
5.
Formal Action was brought in (include name of Federal, State or Foreign Court, Location of Court - City or County and State or Country, Docket/Case
Number): 
KARNATAKA STATE CONSUMER FORUM, KARNATAKA, INDIA
6.
Advisory Affiliate Employing Firm when activity occurred which led to the civil judicial action (if applicable): 
7.
Describe the allegations related to this civil action (your response must fit within the space provided): 
ICICI BANK LIMITED ("ICICI BANK") HAD ENTERED INTO A REFERRAL ARRANGEMENT WITH JONES LANG LASALLE MEGHRAJ(JLLM) , AN ENTITY ENGAGED IN
THE BUSINESS OF PROVIDING REAL ESTATE CONSULTANCY SERVICES, FOR THE PURPOSE OF REFERRING INTERESTED CLIENTS TO AVAIL THE SERVICES OF
JLLM. UNDER THE SAID ARRANGEMENT, ICICI BANK HAD REFERRED MR. RAKESH KUMAR GOEL AND MRS. REKHA GOEL (THE "COMPLAINANT") TO JLLM FOR
DAMDEN PROPERTY IN MYSORE. SUBSEQUENT TO THE REFERRAL, THE COMPLAINANT HAD INVESTED IN ONE OF THE SCHEMES PROVIDED BY JLLM AND HAD
PAID A BROKERAGE AMOUNT TO JLLM TO SECURE PROPERTY CERTIFICATE IN THE DAMDEN PROPERTY. HOWEVER, DAMDEN HAS, TILL DATE, FAILED TO PAY

THE BUYBACK AMOUNT IN ACCORDANCE WITH THE TERMS OF THE PROPERTY CERTIFICATE AND AS PER THE AGREED SCHEME TO ITS CLIENT. IN THIS
REGARD, THE COMPLAINANT FILED A CIVIL SUIT AGAINST JLLM, DAMDEN PROPERTIES AND ICICI BANK TO CLAIM THE DAMAGES SUFFERED BY THE
COMPLAINANT.
8.
Current Status? 
 Pending
 On Appeal
 Final
9.
If on appeal, action appealed to (provide name of court) and Date Appeal Filed (MM/DD/YYYY): 
10. If pending, date notice/process was served (MM/DD/YYYY):
04/05/2024
 Exact
 Explanation
If not exact, provide explanation:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 14 only.
11. How was matter resolved:
Judgment Rendered
12. Resolution Date (MM/DD/YYYY): 
04/05/2024
 Exact
 Explanation
If not exact, provide explanation:
13. Resolution Detail:
A.  Were any of the following Sanctions Ordered or Relief Granted(check appropriate items)?
Monetary/Fine Amount: $
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions:
NIL. THERE IS NO ADVERSE ORDER AGAINST ICICI BANK
C.
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement, or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
NIL (THERE IS NO ADVERSE ORDER AGAINST ICICI BANK)
14. Provide a brief summary of circumstances related to the action(s), allegation(s), disposition(s) and/or finding(s) disclosed above (your response must fit
within the space provided). 
ICICI BANK HAD ENTERED INTO A REFERRAL AGREEMENT WITH JLLM. UNDER THE REFERRAL ARRANGEMENT, ICICI BANK HAD REFERRED THE COMPLAINANT
TO JLLM FOR THE DAMDEN PROPERTY. PRIOR TO MAKING SUCH A REFERRAL, ICICI BANK HAD SHARED WITH THE COMPLAINANT, THE BRIEF PARTICULARS
ABOUT THE REAL ESTATE PROJECT IN MYSORE, WHICH WAS RESTRICTED TO INFORMATION AS RECEIVED FROM JLLM ABOUT THE DAMDEN PROPERTY AND
THE INVESTMENT PROPOSAL IN ITS MYSORE PROJECT. PLEASE NOTE THAT ICICI BANK WAS ONLY FORWARDING THESE DOCUMENTS IN ITS CAPACITY AS A
REFERRER. ANY FURTHER DOCUMENTATION WITH RESPECT TO DAMDEN PROPERTY HAVE BEEN SHARED/EXECUTED BETWEEN THE COMPLAINANT, JLLM AND
DAMDEN EXCLUSIVELY AND TO THE COMPLETE EXCLUSION OF ICICI BANK AS A SIGNATORY AT ALL POINTS OF TIME. IT WAS ALLEGED THAT ICICI BANK
DID NOT UNDERTAKE ANY DUE DILIGENCE, CHECKS OR SUCH SIMILAR ANALYSIS IN RELATION TO THE PROPOSED TRANSACTIONS AS THE ROLE OF ICICI
BANK WAS THAT OF A REFERRAL PARTNER WITH LIMITED OBLIGATION AS STATED ABOVE. THE COMPLAINANT HAD THE SOLE DISCRETION TO DEAL WITH
JLLM WITHOUT ANY INVOLVEMENT OF ICICI BANK. WITHOUT ANY FAULT OR SERVICE DEFICIENCY ON THE PART OF ICICI BANK, ICICI BANK WAS BEING
MADE PARTY TO THE DISPUTE BETWEEN COMPLAINANT, JLLM AND DAMDEN PROPERTIES. VIDE ORDER DATED APRIL 5, 2024, THE MATTER WAS DISPOSED
OFF BY THE KARNATAKA STATE DISPUTE REDRESSAL FORUM. THERE IS NO ADVERSE ORDER AGAINST ICICI BANK.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Item 11.H. of Part 1A
or Item 2.F. of Part 1B of Form ADV.
Civil Judicial
Check Part 1A item(s) being responded to:
11.H(1)(a)
11.H(1)(b)
11.H(1)(c)
11.H(2)
Check Part 1B item(s) being responded to:
2.F(1)
2.F(2)
2.F(3)
2.F(4)
2.F(5)
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a

completed Execution Page.
One event may result in more than one affirmative answer to Item 11.H. of Part 1A or Item 2.F. of Part 1B. Use only one DRP to report details related to the
same event. Unrelated civil judicial actions must be reported on separate DRPs.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
ICICI BANK LIMITED
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.H.(1)
(a), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event
listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the
IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Court Action initiated by: (Name of regulator, foreign financial regulatory authority, SRO, commodities exchange, agency, firm, private plaintiff, etc.) 
CLASS SUIT BY PRIVATE PLAINTIFFS (J.J. PATEL & OTHERS)
2.
Principal Relief Sought:
Money Damages (Private/Civil Complaint)
Other Relief Sought: 
3.
Filing Date of Court Action (MM/DD/YYYY):
07/10/2014
 Exact
 Explanation
If not exact, provide explanation:
4.
Principal Product Type:
Mutual Fund(s)
Other Product Types: 
5.
Formal Action was brought in (include name of Federal, State or Foreign Court, Location of Court - City or County and State or Country, Docket/Case
Number): 
SUPREME COURT OF MAURITIUS, SCR NO. 109885 (1/349/14)
6.
Advisory Affiliate Employing Firm when activity occurred which led to the civil judicial action (if applicable): 
ENSAFRICA (LAW FIRM) WAS ENGAGED BY ICICI BANK UPON THE SUIT BEING INSTITUTED.
7.
Describe the allegations related to this civil action (your response must fit within the space provided): 
THE PLAINTIFFS, BEING INVESTORS OF DIF III (A POOLED INVESTMENT VEHICLE IN MAURITIUS), FILED A COMPLAINT AGAINST DIF III, IFSL

(ADMINISTRATOR OF DIF III IN MAURITIUS), ICICI VENTURE (MANAGER OF IAF III - A REAL ESTATE FUND IN WHICH DIF III HAD INVESTED), ICICI BANK
LIMITED (ARRANGER TO DIF III) AND THE TRUSTEES (IDBI TRUSTEESHIP), ALLEGING- INADEQUACY OF DISCLOSURES AT THE TIME OF INVITING
INVESTMENTS, NEGLIGENCE AND MISREPRESENTATION IN THE MANAGEMENT OF THE FUNDS AND INVESTMENTS IN THE PORTFOLIO COMPANIES. THE
PLAINTIFFS HAVE CLAIMED $103.6 MILLION AS DAMAGES.
8.
Current Status? 
 Pending
 On Appeal
 Final
9.
If on appeal, action appealed to (provide name of court) and Date Appeal Filed (MM/DD/YYYY): 
10. If pending, date notice/process was served (MM/DD/YYYY):
10/17/2014
 Exact
 Explanation
If not exact, provide explanation:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 14 only.
11. How was matter resolved:
Other
12. Resolution Date (MM/DD/YYYY): 
06/03/2022
 Exact
 Explanation
If not exact, provide explanation:
13. Resolution Detail:
A.  Were any of the following Sanctions Ordered or Relief Granted(check appropriate items)?
Monetary/Fine Amount: $
Revocation/Expulsion/Denial
Disgorgement/Restitution
Censure
Cease and Desist/Injunction
Bar
Suspension
B.
Other Sanctions:
NONE
C.
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement, or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of
penalty was waived:
NOT APPLICABLE
14. Provide a brief summary of circumstances related to the action(s), allegation(s), disposition(s) and/or finding(s) disclosed above (your response must fit
within the space provided). 
THE PLAINTIFFS ARE SHAREHOLDERS OF DIF III AND HAVE ALLEGED - INADEQUACY OF DISCLOSURES AT THE TIME OF INVITING INVESTMENTS,
NEGLIGENCE AND MISREPRESENTATION IN THE MANAGEMENT OF THE FUNDS AND INVESTMENTS IN THE PORTFOLIO COMPANIES. ALL THE DEFENDANTS
INCLUDING ICICI BANK AND ICICI VENTURE HAVE RAISED PRELIMINARY OBJECTIONS TO THE SUIT ON THE GROUND OF PRIVITY OF CONTRACT AND
JURISDICTION OF MAURITIUS COURTS. DIF III HAS ALSO RAISED THE SEVERAL PRELIMINARY OBJECTIONS INCLUDING THE SUIT BEING A DISGUISED
DERIVATIVE ACTION AND THE APPROPRIATE COURT TO HEAR IT IS THE COMMERCIAL COURT AND NOT THE CIVIL COURT AND THERE IS A CONNECTED STAY
APPLICATION FILED BY DIF III BEFORE THE SAID COMMERCIAL COURT. BY AN ORDER DATED JUNE 9, 2020 THE SUPREME COURT OF MAURITIUS HAS
STAYED THE PROCEEDINGS AS AGAINST ICICI BANK AND ICICI VENTURE ON THE GROUNDS THAT NONE OF THE ALLEGATIONS MADE AGAINST ICICI BANK
AND ICICI VENTURE OCCURRED IN MAURITIUS AND HENCE THE COURTS IN MAURITIUS LACK JURISDICTION TO ADJUDICATE SUCH ALLEGATIONS. IN THE
SUBSEQUENT HEARING ON JULY 1, 2020, THE PLAINTIFFS INFORMED THE COURT OF THEIR DECISION NOT TO APPEAL AGAINST THE ORDER STAYING THE
PROCEEDINGS AS AGAINST ICICI VENTURE AND ICICI BANK. ICICI VENTURE AND ICICI BANK THEREAFTER MOVED A MOTION BEFORE THE MASTERS COURT
TO GET THEIR RESPECTIVE NAMES ENTIRELY STRUCK OFF FROM THE SUIT, AND ON MAY 27, 2021, THE MASTERS COURT HAS PASSED THE RULING THAT-
SINCE THE STAY ORDER PASSED BY THE SUPREME COURT ALREADY HAS AN EFFECT OF PREVENTING CONTINUATION OF ANY PROCEEDINGS IN RELATION
TO DEFENDANTS 3 AND 4, THE SAID DEFENDANTS CANNOT FILE ANY PROCEEDINGS OR APPEAR BEFORE THE COURT. THUS, EVEN THE MOTION FILED BY
DEFENDANTS 3 AND 4 BEFORE THE MASTER AND REGISTRAR, HAS NO REASON TO BE FILED, AND THAT, IT IS CLEAR THAT THE MATTER CANNOT PROCEED
ANY FURTHER IN RELATION TO DEFENDANTS 3 AND 4 (ICICI VENTURES AND ICICI BANK), AND THE PLAINTIFFS ARE TO PROCEED WITH THE PLAINT
AGAINST THE DEFENDANTS NOS 1, 2 AND 5 ONLY. THE MATTER WAS THEREAFTER LISTED BEFORE THE SUPREME COURT FOR CONTINUATION OF
PROCEEDINGS AND THE DEFENDANTS 3 & 4 TOOK A STAND TO HAVE ALL PARAGRAPHS OF THE PLAINT THAT ARE RELATED TO THEM BE STRUCK OUT, DUE
TO THE LACK OF JURISDICTION OF THE SUPREME COURT OF MAURITIUS TO ENTERTAIN THE PLAINT IN LINE WITH THE RULING OF THE JUDGE DATED 9
JUNE 2020 WHICH HAS BEEN CONFIRMED BY THE RULING OF THE MASTER AND REGISTRAR DATED 27 MAY 2021. THE CASE IS BEING HEARD AGAINST THE
OTHER DEFENDANTS. ON JUNE 03, 2022, AN INTERLOCUTORY JUDGEMENT CONFIRMED AND GRANTED THE MOTION TO STRIKE OUT THOSE PARAGRAPHS OF
THE PLAINT MAKING REFERENCE TO DEFENDANTS 3 AND 4. THE PLAINTIFFS HAVE PREFERRED AN APPEAL AGAINST THIS ORDER AND THE APPEAL PROCESS
IS ONGOING. BY AN ORDER DTAED JUNE 09, 2020 A STAY WAS GRANTED FOR TAKING ANY ACTION AGAINST ICICI BANK LIMITED AND ICICI VENTURE.
THERFORE, CONSIDERING THAT ICICI BANK IS NOT ADMITTED A PARTY TO THE CASE POST THE STAY ORDER DATED JUNE 09, 2020 AND BASED ON THE
PRESENT STATE OF THE MATTER, THE ASSESSMENT OF LIABILITY AGAINST ICICI VENTURE AND ICICI BANK HAS BEEN CLASSIFIED AS REMOTE. THE LAST
HEARING OF THE MATTER WAS ON MAY 07, 2026.