ICICI Bank on Monday said that it will consider raising funds by issuance of debt securities at its board meeting scheduled on April 22. “The Board of the Bank at its meeting scheduled on April 22, 2023, will consider fundraising by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore certificate of deposits in single/multiple tranches in any currency through public/private placement and buyback of securities within the limits that the Board is authorised to approve under applicable law,” ICICI Bank said in a stock exchange filing.
ICICI Bank last year raised Rs 5000 crore through bonds to fund business growth. The bank has allotted 50,000 senior unsecured redeemable long-term bonds in the nature of debentures aggregating to Rs 5,000 crore on a private placement basis, the date of the allotment being December 12, 2022, it said in a regulatory filing.
Meanwhile, ICICI Bank recently introduced easy EMI facility for UPI payments made by scanning QR code. In a statement, ICICI Bank said that customers eligible for PayLater, the Bank’s ‘buy now, pay later’ service can avail of the EMI facility in an instant, easy and seamless manner. This first-of-its-kind facility aims to enhance the affordability of lakhs of the Bank’s customers as they can now instantly buy products or services just by scanning the required merchant QR code at a store and making payments in EMIs.