ICICI Bank may raise ₹20,000 crore aiming to fill credit gap left by NBFCs

ICICI Bank Ltd. is planning to raise at least moreICICI Bank Ltd. is planning to raise at least ₹20,000 crore via a qualified institutional placement (QIP) within this fiscal year. ICICI Bank has reached out to investment banking firms on the proposed capital raising and may soon give a formal mandate to some of the bankers. If the ICICI Bank QIP goes through, it will be largest QIP ever in the country.