India’s ICICI Bank exits Sri Lanka
The Monetary Board of the Central Bank of Sri Lanka, having considered the request made by the ICICI Bank Limited, India, has 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.
Local News
CBSL Announces Relief Measures for SMEs
22 December 2024
Police Inspect Buses After Sharp Rise In Bus Accidents
22 December 2024
Retirement Age of Doctors Extended to 63 Years
22 December 2024
Trending News
SIMs to be deactivated on unregistered new mobile devices from tomorrow
30 September 2020
Sex education is the way to prevent child abuse – Ali Sabry
28 September 2020
Two suspended trains to resume operations
28 September 2020
Curfew in Western Province to be lifted on Monday - Army Commander
05 November 2020
