CONSENT OF AMARCHAND & MANGALDAS & SURESH A. SHROFF & CO. We consent to all references to our firm under the captions "Taxation-- Indian Tax", "Legal Matters" and "Enforcement of Civil Liabilities Against Foreign Persons" in the Prospectus contained in the Registration Statement on Form F-1 of ICICI Bank Limited. /s/ Vandana --------------------------- AMARCHAND & MANGALDAS & SURESH A. SHROFF & CO. Date: February 7, 2000 Mumbai, India