ICICI Bank gets USD 100 million from British arm

ICICI Bank today 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. Also read: Rs 40Kcr divestment target stretched but achievable: ICICI "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.