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 2007, it opened its Mississauga branch in Ontario. In 2008, the bank relocated its corporate office to the Don Valley Business Park in Toronto, Ontario. It also opened three branches in the same year: Don Valley Parkway in Ontario, Surrey in British Columbia and Calgary in Alberta. In 2009, it opened its second branch in Brampton, 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.

Membership[edit]

ICICI Bank Canada is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of the following organizations:

See also[edit]

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