Best borrowers 2007: Best financial borrower – Asia: ICICI Bank

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Best borrowers 2007: Best financial borrower – Asia: ICICI Bank

The Indian bank has raised more than $5 billion in 2006 and 2007, appealing to several different markets.


ICICI Bank is the clear winner of Asia’s best financial borrower award because of an outstanding fund-raising performance that began in earnest in 2006 and has accelerated into this year.

With the Indian economy growing at near double-digit rates, India’s banking sector itself needs to maintain growth momentum. ICICI Bank has led the way, with total asset growth in fiscal 2006 of almost 50% over the previous period.


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