ICICI Bank has commenced efforts for repatriating capital from its overseas banking subsidiaries in order to optimize capital for the ICICI Group and improve its return on equity. The bank has now received requisite approvals for repatriation of capital from ICICI Bank Canada, its wholly owned banking subsidiary in Canada, and has received an aggregate equity capital repatriation of CAD 75 million (amounting around Rs 400 crore) from that subsidiary. As a first step, the bank had already received approval for and repatriated $100 million of capital from its subsidiary in the United Kingdom in March 2013.
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