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ICICI Bank to raise 100B rupees in Basel III bonds

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ICICI Bank to raise 100B rupees in Basel III bonds

ICICI Bank Ltd. plans to raise 100 billion Indian rupees by issuing Basel III-compliant Tier 1 bonds, rating agency ICRA said Aug. 10.

As of Aug. 10, US$1 was equivalent to 64.08 Indian rupees.