ICICI Bank’s Board of Directors is preparing a fundraiser

The council of private sector lenders will consider a fundraising on April 23, 2022.

The bank plans to raise funds through the issuance of debt securities, including non-convertible offshore debentures/bonds/notes/certificates of deposit, in single/multiple tranches in any currency through public/private placement.

The board will also review the fourth quarter results on April 23, 2022.

ICICI Bank is the second largest private sector bank in India. The bank has a network of 5,298 branches and 13,846 ATMs as of December 31, 2021.

The bank’s standalone net profit increased by 25% to Rs 6,194 crore in the third quarter of FY22 from Rs 4,940 crore in the third quarter of FY21. rose 11% year-on-year to Rs 27,070 crore.

Shares of ICICI Bank rose 0.59% to Rs 764.15 on Tuesday.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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