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MoneyWorks4Me

ICICI Bank to raise funds on private placement basis

09 Nov 2017 Evaluate

ICICI Bank has received an approval for domestic fund raising by way of issuance of senior unsecured long term bonds/ Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in single/multiple tranches on private placement basis. The Committee of Executive Directors of the Bank at its meeting held on November 8, 2017 has approved for the same.

ICICI Bank is the first bank in the country to leverage on Apple’s virtual voice assistant to enable cross border remittances.


Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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