ICBC signs 1 billion USD finance facility with Indian ICICI Bank

$1M USD

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	ICICI Bank Limited
Country	India
Start Date	Dec 15, 2010
End Date	Sep 13, 2028
Duration	6,482 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`43139`

Grant Description

ICBC signs 1 billion USD finance facility with Indian ICICI Bank On December 15, 2010, the Industrial and Commercial Bank of China and the India-based ICICI Bank signed a 1 billion USD finance facility. The agreement was part of some 50 business deals sealed during Chinese Premier Wen Jiabao's visit to India.

The form of this facility is unclear.

📚 Sources & References

50 trade pacts mark day one of Wen visit, 4 Banks to Benefit From China-India Deals
Some 50 business pacts signed during Wen's visit
Some 50 business pacts signed during Wen's visit
India
China sign 49 MoUs to boost economic ties
Deals worth $16 billion signed Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.