HomeNews News ICICI Bank raises Rs 3,425 cr via Basel III complaint bonds ICICI Bank raises Rs 3,425 cr via Basel III complaint bonds

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ICICI Bank raises Rs 3,425 cr via Basel III complaint bonds

ICICI Bank raises Rs 3,425 cr via Basel III complaint bonds

Friday, March 17, 2017, 9:58 AM

The country's largest private sector lender ICICI Bank has raised Rs 3,425 crore by issuing Basel III-compliant bonds on private placement basis. The Committee of Executive Directors of the bank at its meeting held today approved the allotment of 34,250 Basel III compliant unsecured, subordinated, perpetual additional tier-I bonds aggregating Rs 34.25 billion on private placement, the bank said in a regulatory filing.
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