Mumbai: ICICI Bank Ltd, India`s biggest private sector lender, on Friday said it will sell its banking unit in Russia to mid-sized Russian bank Sovcombank.
The unit, ICICI Bank Eurasia Limited Liability Co, accounted for less than 0.1 percent of the parent company`s consolidated total assets and profit after tax for the six months ended September, ICICI Bank said in a statement.
The company said the transaction price would be determined on the date of completion of the deal.
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