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ICICI Bank increases authorized capital to Rs 2,500 crore

14 Jun 2017 Evaluate

ICICI Bank has increased its authorized capital by Rs 775 crore to Rs 2,500 crore. Increase in authorized capital enables bank to raise funds or debt from the market. The amendments received shareholders’ approval through postal ballot on June 12, 2017.

ICICI Bank is India’s largest private sector bank by consolidated assets. For the quarter ended March 31, 2017, ICICI Bank's standalone net profit jumped to Rs 2,024.64 crore from Rs 701.89 crore in the year-ago period.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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