Satyam pays Salaries

Satyam Computer services Limited which is in middle of crisis paid salaries to all its empolyees.This was not covered in any news paper or Tv channel.This once again proves that media covers oonly news which creates tensions.

Satyam also gave employees salaries as per schedule.There were no reductions etc.
So this proves media created rumors like employees will not get salary for 2 months etc.

Media covering only bad news on Satyam

Media is showing more interest on Satyam .They are putting all rumors more importance that the original fact .I feel that they are writing their own views without any base truth.
some of the media news which are false are but were highlighted are

1.Suicide attempt by Satyam CFO (When this news was scrolled in a TV channel he was in office doing normal duties)
2.Removing 10000 employees (No satyam employee got a mail that there will 10k removals).
3.Satyam employees will not get 2 months salary (No satyam employee got any mail about this)

these news are making many people having sleepless nights.There are around 2lakh people dependent on Satyam directly or Indirectly.

Media does even put the Important points told by Satyam new Board.All rumors get place in first page but the steps taken by new board are not shown up properly or highlighted.

Media for getting sales up,they are doing these cheap tricks.Media will also suffer soon if they do these cheap tricks.

Icici bank clarifies to customers about rumors

Icici bank sends mails to stop rumors.

Dear Customer, We are aware that you are being misled by numerous malicious and baseless rumors. Many of these are via SMSes. Many of our customers have written in to us expressing solidarity and confidence in our relationship, and have mentioned they have dismissed these rumors, for which we are grateful. Still we know that these rumors may cause you distress and doubts. You are our valued customer and we would not like you to have any of these feelings. So we have now chosen to write to you directly to allay your concerns if any. You would have seen the categorical endorsement of the soundness of Indian banking as well as ICICI Bank's sound financial health from the RBI and the Finance Minister. You would have also read about the unequivocal certificate of confidence reposed on us by S&P an independent rating agency of repute. We have categorically and in a transparent manner disclosed that We have ZERO exposure, directly or indirectly, to US sub-prime We have 150% more capital than what Banks are required to have, and we are one of the highest capitalized banks in the country We have a AAA rating We have sound liquidity to meet your needs whenever you need and in what ever amounts you may need Your bank has grown and achieved its status of pre-eminence due to the patronage and trust you have reposed thus far in us. We have made many an Indian smile with a house, car and every banking need dreamed of by Indians. I am sure nothing factually or otherwise has changed in our relationship that we should let baseless rumors cast doubts in your mind. We once again want to reaffirm to you that the bank you have built and assisted to grow to pre-eminence will be with you day and night. We take pride in serving you and being the bank of your first choice. We desire and request the continuance of your unwavering trust and relationship. We promise to you that not only your deposits but all your interests are safe and secure with us. In case you need to reach us, kindly write to us at customer.care@icicibank.com. Sincerely V. Vaidyanathan Executive Director ICICI Bank Ltd

RBI statment on Icici bank

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