ICICI Bank gets $100 m from U.K. arm

ICICI Bank, on Tuesday, said it had received capital repatriation of $100 million (around Rs.545 crore) from its wholly-owned British subsidiary. This comprises redemption of $50 million of preference share capital and return of $50 million of equity capital, ICICI Bank said in a statement.

Capital adequacy ratio

“ICICI Bank UK had a capital adequacy ratio of 31.5 per cent as of December, 2012. Post-repatriation, its capital base stands at $495 million and its capital adequacy ratio continues to be strong,” the statement said.

It also said this will further improve the already healthy capital adequacy ratio of the parent ICICI Bank. — PTI

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Printable version | May 21, 2022 7:13:12 pm |