Latest version: April 20, 2024 | 3:04 p.m IST
ICICI Bank has announced that its Board of Directors will meet on April 27, 2024 to consider raising funds through the issue of debt securities.
The Company shall raise funds through non-convertible bonds and other debt securities in the domestic market, private placements in the foreign market and issuance of bonds/notes/offshore certificates of deposit by the Board of Directors as per applicable laws.
ICICI Bank is India’s leading private sector bank. As of December 31, 2023, the bank had a network of 6,371 branches, 17,0.37 ATMs and cash recycling machines.
ICICI Bank reported a 23.58% increase in net profit to Rs 10,271.54 crore in the third quarter of FY24 compared to the third quarter of FY23 and a 24.28% increase in total revenue to Rs 59,479.76 crore.
On Friday, April 19, the shares rose 1.04% to close at Rs 1,066.40 on the Bombay Stock Exchange.
Powered by Capital Markets – Live News
Disclaimer: No Business Standard journalist was involved in the creation of this content
Initial release: April 20, 2024 | 2:40 p.m IST
Source link
