ICICI gets equity capital repatriation from foreign units

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ICICI_BankICICI Bank has repatriated excess funds from its two overseas subsidiaries as part of capital optimisation and return on equity plans.

“ICICI Bank Ltd already has a strong capital adequacy ratio. The return of capital would further improve the same. It would also enhance the bank’s ability to optimise capital deployment and return on equity,” the bank said.

According to report, the bank received further equity capital repatriation of CAD 80 million from ICICI Bank Canada and USD 75 million from ICICI Bank UK.

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