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