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Sep 30, 2008

ICICI Bank up 5.4% on RBI statement

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The Reserve Bank of India has come out in support of ICICI Bank, saying the bank has sufficient liquidity, including in its current account with the central bank, to meet the requirements of its depositors. On Monday, the shares of ICICI bank fell following market rumours. The RBI further said, it is monitoring the developments and has arranged to provide adequate cash to ICICI Bank to meet the demands of its customers at its branches/ATMs. It added that ICICI Bank and its subsidiary banks abroad are well capitalised. Source


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