ICICI Bank Canada

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ICICI Bank Canada
Subsidiary
Industry Financial services
Founded 2003
Key people
Sriram H. Iyer (President and Chief Executive Officer)
Parent ICICI Bank Limited
Website icicibank.ca [1]

ICICI Bank Canada is a wholly owned subsidiary of ICICI Bank Limited, India’s largest private sector bank. ICICI Bank Canada’s corporate office is located in Toronto, Ontario. Established in December 2003, ICICI Bank Canada is a full-service direct bank with an asset base of about $6.5 billion as at December 31, 2016. It is governed by Canada’s Bank Act and operates under the supervision of the Office of the Superintendent of Financial Institutions. The bank has eight branches in Canada: one in Calgary, Alberta; one in Surrey, British Columbia; and six in the Greater Toronto Area, Ontario.

History[edit]

In 2003 ICICI Bank Canada was established as a Schedule II bank. It was incorporated in November, and opened its head office and downtown Toronto branch in December. In 2004 the bank opened its Brampton branch in Ontario and launched an online banking platform. In 2005 it launched its Financial Advisor Services channel and opened a branch in Scarborough, Ontario. In 2008 it relocated its corporate office to the Don Valley Business Park in Toronto, Ontario. In 2010 it launched its Mortgage Broker Services channel that services mortgage brokers in Alberta, British Columbia, Manitoba, Ontario and Saskatchewan. In 2014 the bank launched its Mobile Banking app.

See also[edit]

List of banks in Canada

References[edit]

External links[edit]