ICICI Bank

ICICI Bank raises $1 billion from overseas marketICICI bank said in a statement that it has raised $1 billion (about Rs 4,500 crore) through an issue of medium term bonds in overseas markets. These bonds are 5-1/2 years long and carry a coupon of 4.75%.

The release mentioned that bonds are issued at a price of 99.665% by the ICICI bank’s Dubai branch. It is also revealed in the release that issue has received oversubscription of $2.70 billion or approximately Rs12,100 crore, with

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AI board selects ICICI to refinance loan

On Wednesday the Air India panel provided the permission for the loan refinancing worth Rs 5,500 crore, obtained to buy 21 A320 aircraft, to ICICI Bank.

With a modification of security in the civil aviation ministry because of the cabinet restructure, contentious matters were put away from the table. The panel selected ICICI Bank to refinance the loan obtained from an IDBI Bank- directed group to buy 21 lone -aisle aircraft, spares and simulators. The airline has interim loans of Rs19, 000 crore and enduring loans worth Rs 22,000.

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online loan comparision portalDeal4loans.com the biggest aggregator in Loan space has touched loan disbursals of Rs 100 Crs through its network of Banks in the month of November 2010. Within a short span of three years of operations Deal4loans.com has become the biggest online aggregator in the loan space. Deal4loans.com has the maximum number of tie ups in [...]
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icici remittance i expressIndia’s largest private sector bank, ICICI Bank has announced the launch of it’s new financial service targeted at Gulf based NRI’s called I-Express. I-Express is an instant money transfer service for Non Resident Indians (NRIs).This service is expected to be available through ICICI Bank’s select partners in the six nation Gulf Cooperation Council (GCC). The [...]

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