{"id":4366,"date":"2020-07-06T01:18:24","date_gmt":"2020-07-06T01:18:24","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=4366"},"modified":"2020-07-06T01:18:24","modified_gmt":"2020-07-06T01:18:24","slug":"icici-bank-board-meet-on-july-8-to-consider-fundraising","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=4366","title":{"rendered":"ICICI Bank board meet on July 8 to consider fundraising"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-2003209 size-large\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/06\/ICICI-bank-620x413.jpg\" alt=\"\" width=\"620\" height=\"413\" srcset=\"\" sizes=\"auto, (max-width: 620px) 100vw, 620px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-2003209 size-large\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/06\/ICICI-bank-620x413.jpg\" alt=\"\" width=\"620\" height=\"413\" srcset=\"\" sizes=\"auto, (max-width: 620px) 100vw, 620px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2003209 size-large\" src=\"https:\/\/images.financialexpress.com\/2020\/06\/ICICI-bank-620x413.jpg\" alt=\"\" width=\"620\" height=\"413\" srcset=\"https:\/\/images.financialexpress.com\/2020\/06\/ICICI-bank-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/06\/ICICI-bank-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/06\/ICICI-bank-401x267.jpg 401w, https:\/\/images.financialexpress.com\/2020\/06\/ICICI-bank-440x293.jpg 440w, https:\/\/images.financialexpress.com\/2020\/06\/ICICI-bank-80x54.jpg 80w, https:\/\/images.financialexpress.com\/2020\/06\/ICICI-bank-313x209.jpg 313w, https:\/\/images.financialexpress.com\/2020\/06\/ICICI-bank.jpg 660w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\"\/><\/noscript><\/noscript><span class=\"article-caption\"><a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/icici-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">ICICI Bank<\/a> on June 22 sold 1.5% stake in <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/icici-prudential-life-insurance-company-ltd-stock-price\/\" rel=\"noopener noreferrer\">ICICI Prudential Life Insurance Company<\/a> on the stock exchange for Rs 840 crore.<\/span><\/figure>\n<\/div>\n<p>Private lender ICICI Bank will hold a board meeting on July 8 to consider a fundraising proposal. The lender will choose from among various options including the issue of equity shares and other equity-linked securities. Bloomberg had reported earlier that ICICI Bank is considering raising as much as $3 billion in a share sale.<\/p>\n<p>ICICI Bank had earlier said that the lender would look at further strengthening the balance sheet as opportunities arise.\u201cWe are conscious of the importance of balance sheet resilience in a highly uncertain scenario. Our current capital position is strong. We would continue to assess this and look at further strengthening the balance sheet as opportunities arise,\u201d ICICI Bank MD &amp; CEO Sandeep Bakhshi had told analysts on May 9.<\/p>\n<p>ICICI Bank on June 22 sold 1.5% stake in ICICI Prudential Life Insurance Company on the stock exchange for Rs 840 crore. Many banks had been taking capital raising route to cushion their balance sheet.<\/p>\n<p>Private sector lender <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/axis-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">Axis Bank<\/a> on Thursday announced that it has received board approval for raising funds up to Rs 15,000 crore though issuance of various securities. Similarly, <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/yes-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">Yes Bank<\/a>\u2019s board had approved raising funds upto Rs 15,000 crore. Earlier, <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/kotak-mahindra-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">Kotak Mahindra Bank<\/a> had raised Rs 7,442.5 crore through a qualified institutional placement.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/s-p-bse-sensex-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">BSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nifty-50-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">NSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/investing-abroad\/\" target=\"_blank\" rel=\"noopener noreferrer\">US Market<\/a> and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\"https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\"https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<p class=\"telegram-text\"><img loading=\"lazy\" decoding=\"async\" class=\"telegrma_img\" src=\"https:\/\/images.financialexpress.com\/2020\/04\/telegram.png\" alt=\"\" width=\"24\" height=\"24\" style=\"margin: 0px 5px 4px 0px; float: left;\"\/>Financial Express is now on Telegram. <a href=\"https:\/\/t.me\/TheFinancialExpressOnline\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to join our channel<\/a> and stay updated with the latest Biz news and updates.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\\\"https:\/\/www.financialexpress.com\/industry\/banking-finance\/icici-bank-board-meet-on-july-8-to-consider-fundraising\/2014127\/\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICICI Bank on June 22 sold 1.5% stake in ICICI Prudential Life Insurance Company on the stock exchange for Rs 840 crore. Private lender ICICI Bank will hold a board meeting on July 8 to consider a fundraising proposal. The lender will choose from among various options including the issue [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4367,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-4366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/07\/ICICI-bank.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/4366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4366"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/4366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/4367"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}