InvestorQ : Why is ICICI Bank looking to raise Rs.15,000 crore from the market?
Mary Joseph made post

Why is ICICI Bank looking to raise Rs.15,000 crore from the market?

Answer
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sara Kunju answered.
3 months ago


ICICI Bank plans to raise Rs.15,000 crore as core capital joining Axis Bank, Kotak Bank and Yes Bank in raising capital. The capital will be raised in one or more tranches. The money is likely to be raised via a mix of private placement, QIP placement and FPO. ICICI Bank has a comfortable capital adequacy of 16.11% with core Tier-I ratio at 14.72%.