Is it true, Icici bank is in a trouble?
September 30, 2008 2:28am CST
There are rumours are flowing around that ICICI bank financial strength is in trouble and bank may going close soon, so all the funds are moving to Indian bank, punjab national bank, Indian overseas bank ....... If every one withdrew their money from saving account, I suspect it may even worsen bank financial strength. What you say? is it true?
13 Oct 08
no its not in any sort of trouble!!!!in fact it is one of the soundest financial institutions not only in india but also the entire world. It's capital adequacy ratio is 13.5%(required is only 9.5%). it is second only to sbi in india and has been at the forefront in bringing world class banking experience to its customers. You are as safe as a house ...even more than that.DO NOT WORRY..
30 Sep 08
Oh I did not know about this news. But what happens if the bank closes? Shall the people loose their money or will the bank pay them. I have to check with my bank. Now I am really tense. I hope nothing of this sort happens. Its true that if people withdraw their money from the saving account, it will worsen the banks financial strength. So if this is rumour, it may hit the bank hard. Perhaps the bank should clear its position and tell all the customers about it.