United States
Securities and Exchange Commission
Washington, D.C. 20549

FORM 6-K

Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934

For the month of March 2003

ICICI Bank Limited
(Translation of registrant’s name into English)

ICICI Bank Towers,
Bandra-Kurla Complex
Mumbai, India 400 051
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F    X            Form 40-F  __

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g 3-2(b) under the Securities Exchange Act of 1934.

Yes __            No. X

If “Yes” is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g 3-2(b).

Not applicable.

INDEX TO EXHIBITS

Item

1.     Press Release dated March 28, 2003

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: March 28, 2003 ICICI Bank Limited


By:      /s/ Nilesh Trivedi    
Name:  Nilesh Trivedi
Title:   Assistant Company Secretary

Item 1      

	ICICI Bank Limited ICICI Bank Towers Bandra Kurla Complex Mumbai 400 051
Press Release	March 28 , 2003
ICICI Bank Acquires the Card Portfolio of Tata Finance ICICI Bank has purchased the Credit Cards portfolio of Tata Finance Limited (TFL), comprising 80,000 credit cards. The agreement for the same has been executed today i.e. March 28, 2003. For further press queries please contact Madhvendra Das at +91-22-2653 8252 or e-mail to madhvendra.das@icicibank.com