Amid boycott China movement, Chinese central bank invests Rs 15 crore in ICICI Bank

Amid ongoing tension between India and China which triggered ‘boycott Chinese movement’ call across the country, China’s central bank, People’s Bank of China made an investment in the ICICI Bank. The Chinese bank has emerged as one of the investors in ICICI Bank’s Rs 15,000 crore capital raising exercise which ended last week.

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