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ICICI Bank Canada

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ICICI Bank CanadaICICI Bank Canada
ICICI Bank Logo.svg
Type
Subsidiary
IndustryFinancial services
Founded 📆2003
Founder 👔
Area served 🗺️
Key people
Sandeep Goel (President and Chief Executive Officer)
Members
Number of employees
ParentICICI Bank Limited
Websiteicicibank.ca [1]
address
telephone

ICICI Bank Canada is a wholly owned subsidiary of ICICI Bank (NYSE:IBN), a leading private sector bank in India. 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 $6.7 billion as at December 31, 2018. 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 Delta, 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. In 2019, Surrey Branch was relocated to a bigger premises in Delta.

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:

  • Interac Association
  • Cirrus Network
  • THE EXCHANGE Network

See also[edit]

  • List of banks in Canada

References[edit]

External links[edit]


This article "ICICI Bank Canada" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:ICICI Bank Canada. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.


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