Chinese central bank People’s Bank of China has acquired a stake in ICICI Bank

Aug 19, 2020

Chinese central bank People’s Bank of China has acquired a stake in ICICI Bank

The Chinese central bank has picked up shares worth Rs 15 crore in Rs 15,000 crore qualified institutional placement (QIP) in ICICI bank. At current market capitalization, the stake of the People's Bank of China in ICICI Bank is about 0.0065 percent.