ICICI Bank, on Thursday, said that it had received an aggregate equity capital repatriation of Canadian dollar 75 million from ICICI Bank Canada, its wholly-owned banking subsidiary. “ICICI Bank had commenced efforts for repatriating capital from its overseas banking subsidiaries in order to optimise capital for the ICICI Group and improve its return on equity,” ICICI Bank said in a press release. As a first step, the bank had repatriated $100 million of capital from its subsidiary in the United Kingdom in March, 2013. “Post the repatriation, the share capital of ICICI Bank Canada is CAD 857 million,” it said.
