Tuesday, July 29, 2014

ICICI likely to place infra bonds up to Rs 3,000 cr with LIC

............ICICI Bank is the sole arranger of the issue. The bank declined to comment on the matter. LIC officials were not reachable. Following the Reserve Bank of India (RBI)’s move to exempt the cash reserve ratio and statutory liquidity ratio rules on funds raised via long-term infra bonds, ICICI Bank will be the first lender to issue these...........

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