ICICI Bank Ltd.

BSE: 532174 | NSE: ICICIBANK
Large Cap | Bank - Private
1394.00
8.30 (0.60%)
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ICICI Bank planning to raise funds on private placement basis

Date: 12-09-2017

ICICI Bank is planning for fund raising by way of issuance of Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in single/multiple tranches on private placement basis. The Committee of Executive Directors constituted by the Board of the Bank is scheduled to have a meeting on September 12, 2017 to consider the same.

ICICI Bank is India’s largest private sector bank by consolidated assets. The Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.