ICICI Bank is planning for fund raising by way of issuance of Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in single/multiple tranches on private placement basis. The Committee of Executive Directors constituted by the Board of the Bank is scheduled to have a meeting on September 12, 2017 to consider the same.
ICICI Bank is India’s largest private sector bank by consolidated assets. The Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.