BANKRAJAS

The Bank Of Rajasthan Limited has informed the Exchange that pursuant to the approval letter given by Reserve Bank of India to the merger of Bank of Rajasthan Limited with ICICI Bank Ltd., under the provisions of Section 44A of the Banking Regulation Act, 1949, the Board Meeting scheduled to be held on August 13, 2010 to approve the Unaudited financial results for the quarter ended June 30, 2010 stands cancelled.

The Bank Of Rajasthan Limited has informed the Exchange that the Board of Directors met today (i.e. June 24, 2010). The Meeting was chaired by one of the Independent Directors, Shri K. N. Bhandari. The Board thereafter decided to send the necessary application alongwith supporting documents for the merger process, to the Reserve Bank of India for their approval.

The Bank Of Rajasthan Limited has informed the Exchange vide its letter dated May 23, 2010 that: "Board of Directors in the meeting held on May 23, 2010, approved the following matters unanimously, wherein the five Directors namely S/Shri Shekhar Bhatnagar, A Madhavan, M.R. Vikram, V. Seshadri and G. Padmanabhan abstained from voting. Shri K.G. Kurian to whom leave of absence was granted, approved by E- Mail,: - (i) Scheme of Amalgamation of The Bank of Rajasthan Limited (Transferor Bank) with ICICI Bank Limited (Transferee Bank). (ii) Share Exchange Ratio was approved at 25 shares of ICICI Ba

The Bank Of Rajasthan Limited has informed the Exchange that the Board met today i.e. May 18, 2010, where in- principle approval by majority, was given for an amalgamation of The Bank of Rajasthan Limited (Transferor Bank) with ICICI Bank Limited (Transferee Bank) subject to receipt of valuation report from an independent valuer and other required approvals/permissions. The Board of Directors will meet again on May 23, 2010 in this matter.

The Bank Of Rajasthan Ltd had informed the Exchange regarding a Board Meeting scheduled to be held on April 29, 2008. The Bank has now informed the Exchange that audited financial results for the quarter and year ended on March 31, 2008 will not be placed before the Board of Directors in its meeting scheduled to be held on April 29, 2008. Accordingly, the Board of Directors in its meeting to be held on April 29, 2008 will also not consider to recommend the dividend on equity shares for the financial year 2007-2008. Further, the Bank has informed the Exchange that the Bank will now approve au