AFAIK, Its nothing but a rumor. Its the biggest private sector bank in India & IIRC, the second largest banking institution in India, after SBI. If this bank goes down, one can very well imagine the way our economy is headed. American economy crisis or no crisis.
I do have large amounts of money in ICICI Bank S/B accounts & I don't see any reason for panicking.
P.S. I don't have any other association with ICICI other than being a regular customer.
How ever its possible that they may have done some things to avoid cash withdrawals from their systems as Its the half yearly ending for all banks today & they do want to present the markets some good balance sheets & enough liquid funds in hand to acquit themselves from the rumors floating around daily.
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