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In October 2020, which bank has shut down operations in Sri Lanka after getting approval from the Sri Lankan monetary authority?

In October 2020, which bank has shut down operations in Sri Lanka after getting approval from the Sri Lankan monetary authority? Correct Answer ICICI Bank

The correct answer is ICICI Bank.

Key Points

  • ICICI Bank has shut down operations in Sri Lanka after getting approval from the Sri Lankan monetary authority.

  • The Monetary Board of the Central Bank of Sri Lanka, having considered the request made by ICICI Bank, has granted approval to close down the business operation of the bank in Sri Lanka and cancel the license issued to it.

  • Sri Lanka: 

    • Capital - Sri Jayawardenepura Kotte (Administrative capital), Colombo (Commercial capital).

    • Currency - Sri Lankan rupee.

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