ICICI Bank has received approval for fund raising by way of issuances of debt securities including by way of non-convertible debentures (NCDs) in domestic markets upto an overall limit of Rs 250.00 billion by way of private placement and issuances of bonds/notes/offshore certificate of deposits in overseas markets upto $1.50 billion in single/multiple tranches for a period of one year, from the date of passing of resolution by the Board. The Board also authorised buyback of debt securities within the limits prescribed under applicable law. The Board of Directors of the Bank at its meeting held on April 22, 2023 also approved the same.
ICICI Bank is a leading private sector bank in India.
