ICICI Bank UK repatriates $200 million capital to parent firm in India

This is not the first time the bank has repatriated capital from its foreign arms

ICICI Bank UK Plc, a subsidiary of private lender ICICI Bank, has sent equity capital worth $200 million back to its parent in the second quarter ended September 2021 (Q2FY22).

It was surplus capital in UK subsidiary as loan book there has declined. It will come into the capital base of the parent (ICICI Bank), bank officials said in an analyst call for Q2FY22 results. Its capital adequacy ratio of UK subsidiary stood at 21.7 per cent in September 2021, up from 19.8 per cent in September 2020 (Q2FY21).

This is not the first time the bank has repatriated capital