Hi David,
Basically yes. The lower the ISO value you choose you will need to allow more light to enter thru the lens, otherwise the image you get will look really dark on camera's screen. This will push the exposure to the right. I my case, depending how much I push the exposure to the right (ZEBRA @95% no clipped highlights at all) the banding is less or more visible.
What it is also tricky is that it seems only to happen when you have a gradient blue sky. If the sky have more gradient the banding gets worst.
Here in Barcelona we have nice blue sky almost every day in this sesson

In the following pictures you can see same scene exposed with 3 different ISO values (125, 400, 800). No exposure adjustments in post.