1. At midnight I clicked to check the statistics for this financial web site and saw the keywords being used by visitors to visit my site. I was astonished that the number of people searching for ICICI bank bankruptcy or ICICI bank collapse were collosal in nature. The snap shot of statcounter for the financial blog is pasted below:
2. However I can understand the anxiety as all the users were being led to my page link on which I had written about ICICI Bank Collapse but I can assure you that the health of ICICI bank is in good state and these small losses are required for these banks else they will start behaving like semi Gods. You can take my word for granted that ICICI bank is neither collapsing and is neither bankrupt and for that all Kudos goes to our Ex RBI Governor Y.V. Reddy who has done his bit to make the financial institutions strong.
3. So all those Google searchers for icici collapse, ICICI losses, collapsing, ICICI going bankrupt,collapse of ICICI bank can have a good night sleep as your watch dog of financial market is functioning and your hard earned money is safe with ICICI bank. I can reiterate this statement that ICICI bank is neither bankrupt nor is going to collapse as it is second largest bank of India after SBI. This statement is given by me without any personal bias. I am glad that I have done my bit by posting the correct information related to ICICI Bank bankruptcy and readers directed to my site are getting correct information related to the bank as the information is from a trusted financial market blog.
4. I call on ICICI Bank Joint Managing Director Chanda Kochhar to appear in press and media/ news channels and dispel the fear being generated in the hearts of a retail investor whose faith in the bank has been shaken post losses suffered by the bank in US subprime crisis.
