ICICI Bank Share Price: RBI Approves Amendment Allowing ADS Holders to Exercise Voting Rights

ICICI Bank has received Reserve Bank of India approval for an amendment to its ADR Deposit Agreement, allowing registered American Depository Share holders to exercise voting rights. The approval, received on November 1, 2025, is subject to compliance with regulatory requirements under the Banking Regulation Act.

RBI Approval on ADS Voting Rights

ICICI Bank had notified on June 27, 2025, that its Board of Directors approved amendments to the ADR Deposit Agreement, subject to RBI’s consent. The latest communication from the RBI permits the Depository to exercise voting rights on behalf of ADS holders, provided the holders demonstrate adherence to Section 12B of the Banking Regulation Act and relevant guidelines.

The voting rights will only apply when ADS holders confirm their holdings are within prescribed regulatory limits. The change is aimed at aligning voting participation with broader governance requirements applicable to banking entities.

Compliance Requirements for ADS Holders

As per the RBI’s conditions, ADS holders must establish that their shareholding complies with the Master Directions and guidelines applicable to banking companies. These norms are expected to ensure transparency and consistency with foreign shareholding rules.

ICICI Bank stated that the voting framework will be implemented in accordance with the approved amendments. The approval on voting rights comes at a time when regulatory oversight of foreign investment and governance mechanisms remains a priority for the banking sector.

ICICI Bank Share Price Performance

On November 19, 2025, ICICI Bank share price opened at ₹1,373.50, compared to the previous close of ₹1,373.40. During the session, the stock touched a high of ₹1,380.00 and a low of ₹1,371.60. At 12:14 PM IST, it was trading at ₹1,378.60, up by 0.38%.

The stock recorded a traded volume of 34.83 lakh shares and a traded value of ₹479.49 crore on the NSE. The market capitalisation stood at ₹9,85,305.25 crore. Over the past 52 weeks, ICICI Bank has hit a high of ₹1,500.00 and a low of ₹1,186.00. The stock is currently trading at a P/E ratio of 17.40.

Read More: ICICI Bank Q2 FY26 Earnings Results.

Conclusion

ICICI Bank share price remained steady on November 19 as the RBI’s approval on ADS voting rights added regulatory clarity for global investors. The implementation of the amended agreement is expected to streamline participation while ensuring compliance with sector-wide guidelines.

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