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

ICICI Bank Ltd. is planning to raise at least Rs 2... moreICICI Bank Ltd. is planning to raise at least Rs 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.