ICICI Bank seeks to raise $1.45 billion loan from a BofA-led consortium

ICICI Bank is aiming to secure an impressive loan of $1.45 billion, set to unfold over a four-year period. Bank of America is spearheading this considerable financing round, with numerous international banks anticipated to participate. The funds from this initiative will bolster foreign currency deposits and provide leverage for overseas clientele, showcasing a strategic alignment with Indian banks’ broader goals in foreign-currency funding.