Board of Directors ICICI Bank Limited ICICI Towers Bandra Kurla Complex Mumbai -400 051 Ladies and Gentlemen We consent to the use of our audit report dated February 9, 2000 on the financial statements of ICICI Bank Limited as of March 31, 1999 and 1998, and for each of the years in the three-year period then ended included herein and to the reference to our firm under the heading "Experts" in the prospectus. /s/ KPMG Mumbai, India February 10, 2000