(Bloomberg) -- ICICI Bank Ltd., which raised $5
billion last month in India's biggest share sale, is borrowing a
record $1.5 billion to fund growth in demand for credit, said
Chief Financial Officer Vishakha Mulye.
ICICI is seeking the biggest loan by an Indian bank to meet
credit expansion of as much as 30 percent in the fastest-growing
major economy after China. The amount is almost twice the
syndicated borrowings of Indian banks this year and shy of the
$1.86 billion total loans Mumbai-based ICICI took out in 2006.
Read more at Bloomberg Bonds News
billion last month in India's biggest share sale, is borrowing a
record $1.5 billion to fund growth in demand for credit, said
Chief Financial Officer Vishakha Mulye.
ICICI is seeking the biggest loan by an Indian bank to meet
credit expansion of as much as 30 percent in the fastest-growing
major economy after China. The amount is almost twice the
syndicated borrowings of Indian banks this year and shy of the
$1.86 billion total loans Mumbai-based ICICI took out in 2006.
Read more at Bloomberg Bonds News
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