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|30th September 2008, 18:29||#46|
Distinguished - BHPian
Join Date: Feb 2004
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|30th September 2008, 18:45||#47|
Join Date: Oct 2005
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Lets put a stop to it.
I am watching this space since morning. I think its time now we put a stop to it.
I am attaching two Press Releases. The first one is by RBI.
The second one, and much more elaborate of the two, is by Mr. Kamath. Its in PDF format though.
I hope this gives you guys some solace. Stop spreading baseless rumors please. Its such irresponsible act of a collective unison that causes even the strongest of boats to sink.
ICICI is a Manipal based bank, the PSU banks provided a bailout package to ICICI recently but it was so hush hush that even the FM did not get to know about it... Please. Stop this now.
|30th September 2008, 19:02||#48|
Join Date: Nov 2004
Location: BOM, PNQ, DXB
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No, your outstanding is an asset of the bank, that will be bought over/taken over by another nominee/buyer.
You would need to continue paying your EMIs.
Had it been a pvt lender going belly up, then maybe there would have been some optimism.
|30th September 2008, 19:15||#49|
Senior - BHPian
Join Date: Jun 2007
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Zappo, you quoting the rumours? Or making a statement? ICICI is NOT Manipal based.
ICICI was initialy a statutory corporation - the Industrial Credit and Investment Corporation of India. It later (durign the days or de-regulation) promoted a bank, named the ICICI bank, and later the ICICI merged with the ICICI bank to form one of the biggest banks in India.
BTW, this is one for the Mods.
I saw this thread in the morning; but clicking on the link said that I have no permission to view the thread. A search did NOT show this thread. Now, this is back here. What happened?
Also, can we remove the word "bankruptcy" from the thread title? This thread will be around for ever, and having the word there will do more harm than good.
Last edited by BaCkSeAtDrIVeR : 30th September 2008 at 19:22.
|30th September 2008, 19:42||#50|
Join Date: Oct 2005
Thanked: 2,017 Times
Arre yaar, I was only quoting some ridiculous rumors I read on this thread. Some great guy suggested that ICICI bank belongs to the same group from Manipal that ran another Manipal based bank and it went belly up. Another CIA field operative wrote that ICICI was apparently bailed out by a consortium of nationalized bank but it was never made public. I guess they just sent him a report about it.
I hate rumor mongers who seem to have no better work but to start spinning yarns at the very first chance. This latest thing began here in Hyderabad since yesterday night. By 11 pm the situation was so grim that some ATMs had miles long queue. And I saw some jokers standing around the KPHB ICICI ATM and happily adding more mirch masala to it all. And some weak kneed types were buckling down then and there. One lady was literally wailing yaar! And the sadist standing next to him (not in the queue but was only spreading rumors) was telling how he has heard that Kamath and party have run away leaving ICICI to sink. Felt like giving one of those rumor mongers one chamaat. There should be a law against which such people can be booked.
And now I find that some of us here are also carrying on in the same vein. Please guys. This kind of rumor mongering does not help any cause.
Last edited by Zappo : 30th September 2008 at 19:44.
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