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ICICI Bank's Infradebt Fund to raise international funds

08 Jul 2013 Evaluate

ICICI Bank-led Infra debt Fund is in talks with offshore funds and international rating agencies as part of its capital raising exercise. With this initiative, it is looking to raise long-term finance for India's infrastructure sector.

ICICI Bank is India's largest private sector bank and the second largest bank in the country, with consolidated total assets of $122 billion at December 31, 2012. The Bank’s presence currently spans 19 countries, including India.

 

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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