The statement comes amidst reports that the bank's customers were queuing up before its branches in some cities particularly in Karnataka and Andhra Pradesh fearing that ICICI were facing major financial crunch.
Debunking suggestions that there could be a 'run-on-the-bank', ICICI statement gave detailed financial position to establish that it was in a very sound position with assets of over Rs 4,84,000 crore (Rs 4,840 billion) and a net worth of over Rs 47,000 crore (Rs 470 billion).
Image: Pedestrians walk outside the ICICI Bank in Mumbai. | Photograph: Pal Pillai/AFP/Getty Images
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