Indian private sector lender ICICI Bank raises capital by issuing bonds

Indian private sector lender ICICI Bank raises capital by issuing bonds

People stand in line to exchange Indian five hundred and one thousand rupee banknotes at an ICICI Bank Ltd. branch in New Delhi, India, on Thursday, Nov. 10, 2016. Photographer: Anindito Mukherjee/Bloomberg

Private sector lender ICICI Bank has raised more than 2,827 crore by issuing bonds on a private placement basis. This comes after the lender’s board of directors approved fundraising through the issuance of debt securities in April.