ICICI Bank Limited mobilized approximately $17.88 billion in Foreign Currency Non-Resident (FCNR (B)) deposits. The bank secured these funds through the Reserve Bank of India's swap facility, which concluded on August 31, 2026.
International branches issued approximately $9.00 billion in loans against these specific deposits. The bank also provided standby letters of credit totaling $3.63 billion during this period.
ICICI Bank raised an aggregate of $3.55 billion through USD-denominated bonds in July and August 2026. Moody’s assigned a Baa3 investment-grade rating to the bank's recently priced $500 million senior unsecured notes. S&P Global Ratings assigned these same notes a BBB rating.