ICICI Bank Ltd.

ICICI Bank, country’s largest private sector lender is likely to get $100 million credit line from Asian Development Bank (ADB) for funding renewable energy and energy efficiency projects in India. On March 28, 2012 central bank’s board approved the sanction for the same.

ADB and ICICI Bank will identify the projects for credit line. This will help in developing renewable energy and energy efficiency in priority sectors. It will also catalyze local commercial bank financing to support the development of smaller and medium-sized renewable energy and energy efficiency projects that are too small for ADB to support on a project-by-project basis.