RBI's Clarification On ICICI Bank
Reserve Bank of India(RBI) on 30 th september 2008 finally came out with a clarification on the financial conditions of ICICI bank . RBI clarified that the ICICI Bank has sufficient liquidity, including in its current account with the Reserve Bank of India(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/ ATMs.
RBI must also ensure that other private bank ATM's should accept ICICI Bank debit and credit cards , which was not happening after spread of this rumour of ICICI bankruptcy and also online transaction should be back to normal .Other important aspect which RBI of India should clarify is the current financial condition of all private banks including ICICI Bank's .
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