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ICICI BANK, SUBSIDIARIES WELL CAPITALISED: INDIA'S RBI.

AsiaPulse News

| October 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, Oct 1 Asia Pulse - Stepping in to stem the tide following the run-on ICICI Bank (BSE:532174) in some parts of the country, the Reserve Bank of India said the largest private lender has sufficient liquidity and the organisation was well capitalised.

"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," the RBI said in a statement Tuesday.

The central bank clarified that the ICICI Bank has sufficient ...

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