ICICI Bank shuts down operations in Sri Lanka

PTI, Oct 24, 2020, 8:18 PM IST

ICICI Bank on Saturday said it has shut down its operations in Sri Lanka after getting approval from the Sri Lankan monetary authority.

The Monetary Board of the Central Bank of Sri Lanka, having considered the request made by ICICI Bank, has granted approval to close down the business operation of the bank in Sri Lanka and cancel the licence issued to it, ICICI Bank said in a regulatory filing.

“The Director of Bank Supervision being satisfied with the bank complying with the terms and conditions imposed by the Monetary Board, the licence issued to the bank to carry on banking business in Sri Lanka is cancelled with effect from October 23, 2020,” the private sector lender said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

IPL auction: Arshdeep bought by Punjab Kings for Rs 18 crore, Rabada goes to GT for Rs 10.75 crore

‘King and The Prince’: Tons by young Jaiswal, veteran Kohli put India in winning position

Malayalam actress changes her stance, to proceed with sexual harassment cases against actors

Parliamentary panel to examine issue of lateral entry

Fresh plea in SC seeks probe into US indictment of Gautam Adani

Jasprit Bumrah, Virat Kohli my favourite cricketers: Ex-CJI D Y Chandrachud

Veg diet, alcohol abstinence, behaviour training: UP cops prep for ‘pleasant’ Maha Kumbh

Related Articles More

Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official

Air India Express increases flight operations from northeast destinations

Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle

Myntra pilots foray into quick commerce with ‘M-Now’ in select locations of Bengaluru

Never entered into pact to operate airport in Kenya: Adani

MUST WATCH

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation


Latest Additions

IPL auction: Arshdeep bought by Punjab Kings for Rs 18 crore, Rabada goes to GT for Rs 10.75 crore

‘King and The Prince’: Tons by young Jaiswal, veteran Kohli put India in winning position

Malayalam actress changes her stance, to proceed with sexual harassment cases against actors

Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official

People taught befitting lesson to those talking about breaking country: Kangana on Maharashtra polls

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.