Highlights

Indian Financial services company ICICI Bank has shut down his all operations in Sri Lanka after getting approval from the Sri Lankan monetary authority (SLMA). 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.

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

ICICI Bank shuts down all operations in Sri Lanka ICICI Bank shuts down all operations in Sri Lanka