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ICICI Bank to obtain $30 million export credit line from JBIC

03 Jul 2012 Evaluate

ICICI bank, country’s largest public sector lender is likely to get $30 million export credit line from Japan Bank for International Co-operation (JBIC) for financing renewable energy projects. The total loan assistance will be $80 million, which will include $50 million from Japanese private financial institutions.

The Indian Government has been making efforts to encourage broader utilization of renewable energy for power generation, as demand for electric power has been increasing. It aims to increase the power generation capacity of renewable energy to 41.4 GW by the year 2017.

ICICI Bank Share Price

1347.50 2.05 (0.15%)
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Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
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