Their licenses will be cancelled once winding-up operations are complete
Their licenses will be cancelled once winding-up operations are complete

Two Indian banks to cease operations in Sri Lanka

ANI | Updated: Jan 01, 2020 12:48 IST

Colombo [Sri Lanka], Jan 1 (ANI): The Central Bank of Sri Lanka has permitted Indian private sector lenders Axis Bank and ICICI Bank to close their operations in the island nation, according to online news portal ColomboPage.
This follows requests by their parent banks. The licenses issued to them will be cancelled once the winding-up operations are complete.
ColomboPage said the two banks are no longer permitted to carry on banking operations, including accepting deposits from the public.
(ANI)

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