The Board of Directors of ICICI Bank Limited (NYSE Code : IBN) is scheduled to meet on Tuesday, January 23, 2001 to, amongst other things, consider and take on record the accounts for the third quarter ended on December 31, 2000.

The quarterly results will be available on the Bank's web-site at http://www.icicibank.com/ after approval of the quarterly results by the Board on January 23, 2001.

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Except for the historical information contained in this Press Release, statements in this Press Release which contain words or phrases such as "will" and similar expressions or variations of such expressions may constitute "forward looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include exposure to market risks as well as other risks detailed in the report filed by ICICI Bank Limited with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events of circumstances after the date thereof.