Showing posts with label reserve. Show all posts
Showing posts with label reserve. Show all posts

Tuesday, September 30, 2008

RBI says about ICICI bank rumors

RBI Statement on ICICI Bank's Financial Position
There are reports in some sections of the media that based on rumours regarding the
financial strength of ICICI Bank, depositors are withdrawing cash at its ATMs and branches in
some locations.
It is clarified that the ICICI Bank has sufficient liquidity, including in its current account
with the Reserve Bank of India, to meet the requirements of its depositors. The Reserve Bank
of India is monitoring the developments and has arranged to provide adequate cash to ICICI
Bank to meet the demands of its customers at its branches/ ATMs.
The ICICI Bank and its subsidiary banks abroad are well capitalised.
Alpana Killawala
Chief General Manager
Press Release : 2008-2009/412