ICICI Bank Limited has received a compounding order dated November 25, 2025, from the Reserve Bank of India (RBI) due to delays in regulatory filings. The order involves a payment of INR 22,73,554. The issues relate to some instances of non-compliance in overseas reporting and fund receipts. The bank is addressing the identified issues to ensure full compliance.
RBI Compounding Order
ICICI Bank has received an order from the Reserve Bank of India (RBI) regarding certain instances of non-compliance. The compounding order, dated November 25, 2025, addresses specific issues related to delays in regulatory filings and reporting.
Details of Non-Compliance
The compounding order relates to the following:
- Delay in filing Form FCGPR and Form FCGPR Part B within prescribed timelines.
- Receipt of funds through an ineligible mode of payment related to ESOP allotment to Non-residents.
- Delay in filing of the Annual Return of Foreign Liabilities and Assets for five financial years.
Financial Impact
As part of the compounding order, ICICI Bank is required to pay a sum of INR 22,73,554. The bank is taking corrective measures to ensure ongoing compliance with all applicable regulations.
Source: BSE