Axis Bank Limited
The Monetary Board of the Central Bank of Sri Lanka, having considered the request made by the Axis Bank Limited, India consequent to a policy decision taken in 2019 on its global operations, granted approval to close down business operations of Axis Bank Limited in Sri Lanka and cancel the licence issued to it in terms of the provisions of the Banking Act, No. 30 of 1988, subject to several terms and conditions.
The licence issued to Axis Bank Limited to carry on banking business, was cancelled on October 30, 2020.
ICIC Bank
The Monetary Board of the Central Bank, having considered the request made by the ICICI Bank Limited, India, granted approval to close down business operations of ICICI Bank Limited in Sri Lanka and cancel the licence issued to it in terms of the provisions of the Banking Act, No. 30 of 1988, subject to several terms and conditions.
The licence issued to ICICI Bank Limited to carry on banking business, was cancelled on October 23, 2020.