Next

Don't panic, bank is strong, ICICI tells customers

September 30, 2008

Stung by rumours that it was passing through a troubled phase, ICICI Bank on Tuesday asked its customers not to panic, saying rumours about the financial strength of the bank are baseless and malicious.

"ICICI Bank is aware that rumours are being repeatedly being circulated in certain centres regarding the financial strength of the bank. The bank states that these rumours are baseless and malicious," ICICI Bank CEO and Managing Director K V Kamath said on Tuesday.

Image: K V Kamath, ICICI Bank managing director and chief executive officer, gestures as he addresses a press conference in Mumbai. | Photograph: Sajjad Hussain/AFP/Getty Images

Also read: 10 things to know about Jaguar-Land Rover

Next