₹20,000 crore capital this year. HDFC Bank plans to raise ₹50,000 crore and other private sector peers too have announced similar plans.In a 26 May report, analysts at Credit Suisse had estimated that Indian banks would need close to $20 billion in capital in FY21.In this search for capital, the country’s largest lenders are being helped, to a small extent, by unlocking value in subsidiaries.
ICICI Bank sold stake in both its general and life insurance subsidiaries, raising about ₹3,100 crore in the process.ICICI Bank’s capital adequacy ratio stood at 16.1% as of March against the minimum regulatory requirement of 9%.
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