ICICI Bank closes Sri Lankan operations

CEYLON TODAY | Published: 2:00 AM Oct 24 2020

The Monetary Board of the Central Bank of Sri Lanka, having considered the request made by   the ICICI Bank Limited, India, granted approval to close down business operations of ICICI  Bank Limited in Sri Lanka and cancel the licence issued to it in terms of the provisions of the Banking Act, No. 30 of 1988, subject to several terms and conditions.

Upon the Director of Bank Supervision being satisfied with ICICI Bank Limited complying  with the terms and conditions imposed by the Monetary Board, the licence issued to ICICI Bank Limited to carry on banking business, will be cancelled with effect from 23 October 2020.

CEYLON TODAY | Published: 2:00 AM Oct 24 2020

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