ICICI Bank

With reference to the news item appearing in a leading financial daily titled "ICICI Bank to raise $ 11bn, plans major global push", ICICI Bank Ltd has clarified that, news article in financial daily is not accurate. In the current financial year, the Bank and its subsidiaries have raised approximately USD 8 billion through debt from various sources including loans and bonds. The Bank has also raised approximately USD 5 billion of equity in the current financial year. The Bank will continue to raise debt from international markets from time to time as per its ongoing requirement.