Mumbai, Oct 02: ICICI Bank Ltd has received the government's approval to raise external commercial borrowings (ECB) aggregating US dollar 300 million. The government has cleared the proposal and it would be a five year bond issue, ICICI Bank executive director Kalpana Morparia said.
The rate would be market driven and ECBs would be raised in the international markets, she said, adding, the bank was targetting institutional investors.
Bureau Report