ICICI Bank proposes to raise funds for expansion

Private sector lender ICICI Bank today said it proposes to raise funds through bonds in the next three months to fund business expansion.
It did not specify the amount to be raised through the bonds.
In a regulatory filing, it said the bank proposes "fund raising in single or multiple tranches in any currency through public or private placement by way of issuances of debt instruments for remaining period of 2016-17".
The board of the bank will meet on December 9 to take a call on fund raising, it added.