ICICI Bank

neil324

Zammo wrote: »

Do you think its ethical making fun of people with disabilities?

You really are a piece of !!!!!:rotfl:

mickeyg

Poor Zammo. Why are you all picking on him? From the news all over the internet, ICICI does appear to be a bank in trouble. I hope that it does not go under. If you have money in ICICI and are worried and can get your money out it is common sense to do so. The people heaping the most abuse on Zammo probably have unbreakable fixed rate deals with ICICI. Why else get so hysterical about it.

Chasing the top rates with foreign banks had been appallingly bad advice and we will now see a flight to quality banks.

nilrem_2

mickeyg wrote: »

Chasing the top rates with foreign banks had been appallingly bad advice and we will now see a flight to quality banks.

Care to tell us all who these so called quality banks are? AFAIAA you can't trust any of them to be 100% careful with our cash!:eek:

Seajays

This published today by Indian "Economic Times"...

No risk for ICICI UK arm: Moody's, S&P

ICICI Bank’s UK subsidiary has no high risk subprime securities and enjoys robust asset quality and liquidity,” Moody’s said in its latest credit report.

It said the bank’s credit fundamentals remain sound and any mark-to-market loss would not have any significant impact on its credit profile.

These ratings assume importance in the wake of reports that it was over-exposed to risk caused by the global meltdown and that the bank’s loan profile was not fully secured and credible.
...

Read more: http://economictimes.indiatimes.com/News/News_By_Industry/Banking_Finance_/No_risk_for_ICICI_UK_arm_Moodys_SP/articleshow/3587648.cms

neil324

http://news.bbc.co.uk/1/hi/business/7666274.stm

I do believe ICICI UK is a UK bank.

EalingSaver

mickeyg wrote: »

Poor Zammo. Why are you all picking on him? From the news all over the internet, ICICI does appear to be a bank in trouble. If you have money in ICICI and are worried and can get your money out it is common sense to do so.

Mickey, this isn't the point. Sorry. Its why I've been very careful not to express any opinion at all on state/status of ICICI (either in India or its UK bank), and wherever I can to state that what anyone does is rightfully their own decision. There were threads/posts (maybe they're on this one - I've lost track) which discussed this stuff, which is fine, proper and useful.

But to stick up a new thread saying there is a run on the bank (icici uk) and you've been unable to log on for hours etc., ignore everyone who posts 'we can', and then when the thread gets deleted, post another one (or was it two) later with the same message, and again ignore everyone else saying they can get on, is not IMHO informative or helpful, but is deliberately aimed at scaring the hell out of people. But that is just MHO.

light

http://www.business-standard.com/india/storypage.php?autono=337166

I have just read the following press release from the Reserve Bank Of India which I think you will find is intresting.

Steve_xx

light wrote: »

http://www.business-standard.com/india/storypage.php?autono=337166

I have just read the following press release from the Reserve Bank Of India which I think you will find is intresting.

Yes, I'd read that earlier, along with the link on my previous posting. It would appear then that independent examination of ICICI has revealed nothing unusual or overly worrying.

I can understand people becoming anxious given the current turmoil. But to reiterate, I think it wholly unhelpful if depositors start shifting huge amounts of money out of these institutions and perhaps causing their instability, when the depositors cash is protected anyway.

Robertpestonrules

Given that I am reluctant to use any bank or organization that has its call centre in India, I can understand people being nervous about ICICI bank.
However, it was mentioned as offereing a good rate on Moneybox on Radio 4 earlier.

NewWorldOrderBeware

and this:
http://economictimes.indiatimes.com/News/News_By_Industry/Banking_Finance_/No_risk_for_ICICI_UK_arm_Moodys_SP/articleshow/3587648.cms

No risk for ICICI UK arm: Moody's, S&P



now Zammo would you kindly P*** off.