There are all sorts of rumors flying around saying that ICICI bank is going to close down. Some have even heard rumors to the extent saying the bank is going to file for bankruptcy.
Well, I can only laugh at these rumors.
Nothing is going to happen to the Bank. Indian banking laws are so strict that every bank has enough fiscal regulations to protect them in case of such downturn.
Sure world over there is an economic crisis and in New York many financial giants are tumbling down. But there is a difference in the way American banks conduct vs the way Indian banks do business.
So don’t worry. If you are an ICICI bank customer, your money is not going anywhere.