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.
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