ICICI Bank Ltd.

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ICICI Bank likely to sell its Prabhadevi property for 100 crore

Date: 13-08-2013

ICICI Bank, India's largest private sector bank, is likely to sell one of its residential building for about 100 crore. The said building is situated in central Mumbai's Prabhadevi. The bank has already decided the prospective buyer and the deal will be concluded within two weeks. The building is known as ICICI Apartments and is spread over nearly half an acre on Cadell Road, barely 100 metres from the seashore. Earlier, the bank had sold a prime 13-storey residential building in Prabhadevi.

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.