ICICI Bank Joint Managing Director and CFO Chanda Kochhar reassured the customers further. "We have adequate rupee liquidity given the current circumstances. And not just rupee, even in our international operations we have sufficient liquidity. We have a liquidity of Rs. 12,000 crore in our international subsidiary. We do not use out rupee fund to fund the growth of our international operations," Kochhar said.
ICICI has been in the spotlight since the US subpime crisis unfolded earlier this year. But on Friday even Union Finance Minister P Chidambaram assured that money in banks is safe.
"We assure depositors that the deposits are safe. I say that because our banks are well regularised, well regulated. There is no need to worry about deposits," Chidambaram said.