ICICI Bank gets USD 100 million from British arm
PTI: Mumbai, Mar 05 2013, 22:51 IST
ICICI Bank on Tuesday said it has received capital repatriation of USD 100 million (around Rs 545 crore) from its wholly-owned British subsidiary.
This comprises redemption of USD 50 million of preference share capital and return of USD 50 million of equity capital, the country's largest lender ICICI Bank said in a statement.
"ICICI Bank UK had a capital adequacy ratio of 31.5 per cent as of December 2012. Post-repatriation, its capital base stands at USD 495 million and its capital adequacy ratio continues to be strong," the statement said.
It also said this will further improve the already healthy capital adequacy ratio of the parent ICICI Bank.
The capital adequacy ratio of ICICI Bank stood at 19.53 per cent with a tier-I capital of 13.25 per cent as of December quarter.
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