ICICI Bank to raise Rs 25,000 crore

ICICI Bank, the country’s private sector lender, has decided to raise Rs 25000 crore by way of issue of non-convertible debentures including but not limited to bonds and non-convertible debentures on a private placement basis The bank has already received its board’s approval for this proposal and is seeking shareholders’ approval at its annual general meeting (AGM) to be held on July 11, 2016.

ICICI Bank is India's largest private sector bank with consolidated total assets of $ 132.17 billion at March 31, 2015. The Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms.