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

Senior BJP leaders meet Fadnavis after Mahayuti’s landslide win

Vijayapura: One-year-old child abducted from district hosp

‘Mrs’ a beautiful blend of my two passions acting and dancing: Sanya Malhotra

India reach 359-5 at tea against Australia on day 3 of opening Test

Kerala bypolls results: People reject anti-incumbency wave campaign by political opponents, says CPI

‘Viksit Bharat Young Leaders’ Dialogue’ to be held in Delhi on January 11-12: PM Modi

Chitradurga Renukaswamy Murder Case: Photos from crime scene implicate Actor Darshan and others

Related Articles More

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

None of Adani portfolio cos subject to any legal case: Group CFO on promoter indictment in US

MUST WATCH

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation


Latest Additions

Senior BJP leaders meet Fadnavis after Mahayuti’s landslide win

Vijayapura: One-year-old child abducted from district hosp

‘Mrs’ a beautiful blend of my two passions acting and dancing: Sanya Malhotra

India reach 359-5 at tea against Australia on day 3 of opening Test

Kerala bypolls results: People reject anti-incumbency wave campaign by political opponents, says CPI

Thanks for visiting Udayavani

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