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ICICI Bank, NTPC ink term loan agreement

31 Aug 2017 Evaluate

ICICI Bank has signed a term loan agreement for Rs 3,000 crore with NTPC. The loan which has a door-to-door tenure of 15 years will be utilized to part finance the capital expenditure of NTPC.

NTPC commissioned 3,845 mw capacity and added 2,190 mw to its commercial capacity during 2016-17. The installed capacity of the group is 51,671 mw as on July 31 and has over 28,000 mw of capacity under construction.

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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