ICICI Bank Canada today crossed the $1 billion mark in asset size within two years of its operation in Canada. ICICI Bank is first Indian bank in Canada to reach this mark.

“This is a significant and historical accomplishment for our bank and all the employees in Canada and India who represent the force behind this achievement” said Hari Panday, president and CEO of ICICI Bank Canada.

ICICI Bank Canada has positioned itself as a full-service direct bank, which has enabled the bank to acquire 62,000 retail customers in less than two years.

In addition, the bank is a key provider of cross-border banking services that includes money transfers and account services for the Indian diasporas in Canada.

ICICI Bank Canada branches are located in the Greater Toronto Area and the Greater Vancouver area.