The Central Bank of Sri Lanka has reportedly permitted ICICI Bank to close its operations in the island nation. This follows requests by its parent bank. The licenses issued to the bank will be cancelled once the winding-up operations are complete.
ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.
