ICICI Bank mobilizes $17.88B FCNR(B) and LIC cleared for 9.99% stake
ICICI Bank Limited Sponsored ADR says FCNR(B) mobilization totals $17.88B alongside USD bond issuance and a draw under its $7.5B MTN. LIC has been cleared to buy up to a 9.99% stake.
5B MTN. 99% and the ADR outperformed peers, supported by strong card spend and RuPay-UPI growth.