ICICI bank ATMs were Empty in most of locations in india due to rumors circulating about its its financial strength, I hope there is need of any action required but want to share this news so that probably all of you are aware of this fact.
India's second-largest bank, ICICI lose certaintly huge in sensex yesterday on the back of negative news.
In a statement, chief executive K.V. Kamath said ICICI's banking and non-banking units were well capitalised and the impact of the current market conditions on its investment portfolio would not pose any challenge to its capital position.
But other side of it is all ICICI ATM's become empty today and customers complaining other bank atms are not permitting to withdraw money for those who are holding ICICI debit cards.
Latest news on same: ICICI Bank has sufficient liquidity: RBI
Stepping in to stem the tide following the run-on ICICI Bank in some parts of the country, the Reserve Bank today 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.
The central bank clarified that the ICICI Bank has sufficient liquidity, including in its current account with the RBI, to meet the requirements of its depositors.
"The Reserve Bank of India is monitoring the developments and has arranged to provide adequate cash to ICICI Bank to meet the demands of its customers at its branches and ATMs.
"The ICICI Bank and its subsidiary banks abroad are well capitalised," the statement said.
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