Will ICICI bank go towards bankrupcy?
Due to fall in the shares prices of ICICI bank as the lowest in past 3 yrs ,people have started withdrawing their money from their accounts in a hype that they may loose their money.Yesterday there were very long lines at all the atm centres of ICICI bank and their affiliates.
To settle down this hype spokesman of bank general manager mr Charudutt Deshpande told that what so ever rumuor has been spread is nothing more than a rumuor as balance sheet shows Capital of Rs.47000 crores and has cash in hand of Rs. 12000 crores.Above this all band also has its assets in britian and canada amounting to Rs.2.5 billion .Bank had invested only Rs. 370 crores in lehmann brothers and so there is nothing to panic about and its customers need worry about their deposits in the bank.They are absolutely safe.
Even honarable finance minister also assured regarding the safety of this bank.
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