The Board of Directors of ICICI Bank Limited has approved a revised limit of up to USD 5.00 billion for borrowings. These funds will be raised through issuances of bonds, notes, or offshore Certificates of Deposits in overseas markets. The board meeting, held on August 21, 2026, concluded within a brief period, signifying decisive action on the bank’s financing strategy.
ICICI Bank Boosts Overseas Borrowing Capacity
In a significant move to bolster its capital and financing capabilities, the Board of Directors at ICICI Bank Limited has officially sanctioned a revised borrowing limit. The bank is now authorized to raise funds up to a substantial USD 5.00 billion through various debt instruments in international markets. This strategic decision was made during a board meeting held on August 21, 2026.
Revised Funding Strategy Approved
The approved mechanism for raising these funds includes the issuance of bonds, notes, and offshore Certificates of Deposits. This allows ICICI Bank greater flexibility in accessing global capital markets to support its growth and operational needs. The board meeting commenced at 10:28 a.m. and concluded efficiently at 10:44 a.m. on the same day.
Source: BSE
