ICICI Bank Board Approves Borrowing Up To USD 5 Billion Via Offshore Debt

ICICI Bank's board approved a revised USD 5 billion limit for overseas borrowing, to be issued via bonds, notes, or offshore CDs. The bank's shares were last traded at Rs. 1411.50 on the BSE, up from the previous close of Rs. 1401.80, with a total turnover of Rs. 1137323646.00.

ICICI Bank's board approved a $5 billion limit for overseas borrowing via bonds, notes, and offshore CDs. The bank has already raised $1.7 billion under RBI's swap facility. This move is part of a trend of Indian banks accessing global markets for funding.

ICICI Bank's board approved up to $5 billion in overseas borrowing. Shares rose 0.4% to Rs 1,417.50. HDFC Bank recently raised $1.75 billion via bonds, with tranches at 5.159% and 5.401% coupons. Other Indian banks have also tapped overseas debt markets.

ICICI Bank's board approved a $5 billion overseas borrowing limit for debt instruments. The Reserve Bank of India's swap facility caps hedging costs at 1.5%. ICICI has raised $1.7 billion, while HDFC Bank issued $1.75 billion in dollar-denominated bonds. ICICI shares rose 0.42% on the news.

ICICI Bank has received board approval to borrow up to USD 5 billion in overseas markets. The bank plans to issue bonds, notes, or offshore certificates of deposits. The move aims to enhance funding strategy and global growth opportunities, according to the company.

ICICI Bank's Q1FY27 profit after tax rose 15.9% YoY to ₹148.05 billion. Advances grew 19.6% YoY to ₹16,312.60 billion. The board approved a ₹12 per share dividend for FY26. The bank's CET-1 ratio was 16.19% at Q1FY27. Deposit growth was 14.0% YoY, while advances grew 19.6% YoY, indicating aggressive credit expansion.