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ICICI Bank say capital position very strong
worldtraveller
Posts: 14,013 Forumite
India's ICICI Bank, India's second biggest bank, said on Tuesday that rumours being repeatedly circulated about its financial strength were baseless and malicious, saying the bank had a strong capital position.
Chief Executive K.V. Kamath said in a statement, the latest in a string of announcements the bank has issued about its health in the past two weeks, that ICICI's banking and non-banking units were well capitalised.
"ICICI Bank Ltd is aware that rumours are being repeatedly circulated in certain centres regarding the financial strength of the bank. The bank states that there rumours are baseless and malicious," Kamath said.
The bank on Monday said its UK unit had no exposure to the U.S. sub-prime credit and 98 percent of its non-Indian investment was rated investment grade by rating agencies.
Reuters
MarketWatch
Chief Executive K.V. Kamath said in a statement, the latest in a string of announcements the bank has issued about its health in the past two weeks, that ICICI's banking and non-banking units were well capitalised.
"ICICI Bank Ltd is aware that rumours are being repeatedly circulated in certain centres regarding the financial strength of the bank. The bank states that there rumours are baseless and malicious," Kamath said.
The bank on Monday said its UK unit had no exposure to the U.S. sub-prime credit and 98 percent of its non-Indian investment was rated investment grade by rating agencies.
Reuters
MarketWatch
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
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Comments
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Pity they didn't mention anything about their poor website and customer service
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If you ring them in India, will you get through to an English Call Centre??
I have an accoutn with them, the website is basic but functional, an (touch wood) have never had any reason to contact them.
They have had some kind of glitch with their Interest payments for September though, payable in 2 installments for some reason (1-26 sep and 26-30 Sep)
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