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Have evidence of attempts to destabilise ICICI Bank: Kamath

Have evidence of attempts to destabilise ICICI Bank: Kamath
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First Published: Mon, Oct 13 2008. 12 00 PM IST
Updated: Mon, Oct 13 2008. 12 00 PM IST
PTI
Mumbai: Private sector lender ICICI Bank, whose shares tumbled by 20% on Friday, today said that it has evidence of organised attempts having been made to destabilise it.
“We (ICICI Bank) have evidence of organised attempts to destabilise the bank,” ICICI Bank’s Managing Director and CEO K V Kamath said here.
The bank, India’s largest in the private space, is also over-capitalised and is one of the strongest financial institutions in the world, he said.
The bank was in good financial health and it “has not seen any drastic decline in deposits in the past few weeks,” the ICICI Bank chief said.
According to Kamath, there has been no deterioration in credit quality as well.
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First Published: Mon, Oct 13 2008. 12 00 PM IST