ICICI Bank has repatriated excess funds from its two overseas subsidiaries as part of capital optimisation and return on equity plans. The bank had repatriated $100 million of capital from its wholly-owned subsidiary in the UK in March 2013 and CAD 75 million from its wholly-owned subsidiary in Canada in May 2013.
ICICI Bank Canada and ICICI Bank UK had capital adequacy ratios of 33.2% and 21.8%, respectively as on December 31, 2014. Post repatriation, share capital of ICICI Bank Canada is CAD 777 million and that of ICICI Bank UK is $420 million.
