ICICI Bank market value reaches ₹10 lakh crore
pre-market1 source ↓written by the desknot a recommendation
- has surged
- ₹10 lakh crore
- which totals
- ₹50 lakh crore
- through the issuance
- ₹3,945 crore
- coupon rate
- 7.40%
ICICI Bank's market value has surged to ₹10 lakh crore, positioning it as the second-largest bank in the Nifty Bank index, which totals ₹50 lakh crore. The Reserve Bank of India has approved ICICI Bank's acquisition of ICICI Prudential Financial Management. Additionally, the bank raised ₹3,945 crore through the issuance of Tier 2 bonds at a 7.40% coupon rate.
Not investment advice. For informational purposes only.