| Home
ICICI Bank says management not offloading company shares
Calcutta News.Net
Wednesday 17th September, 2008 (IANS)
Mumbai/India's largest private sector lender ICICI Bank Wednesday said its top management members have not sold any shares during the current year.
The bank's statement came following market rumours that some top members of ICICI Bank have been selling shares of the bank following the recent crisis in the global financial markets.
'These rumours are baseless and irresponsible, and no shares have been sold by members of the top management during the current year,' the bank said.
The bank added that it would take up the issue with regulatory authorities for necessary action against those responsible for the rumours.
ICICI Bank Tuesday announced that it had not been impacted much by the collapse of US investment bank Lehman Brothers, which filed for bankruptcy protection Monday.
ICICI, through its London-based subsidiary, has around 57 million euros ($80.7 million) exposure in senior bonds of Lehman Brothers, which constitutes less than one percent of ICICI Bank UK plc's total assets and 0.1 percent of the ICICI group.
The shares of the bank tumbled by over 5 percent in the BSE Wednesday after falling 10.4 percent during intra-day trading.
 Email this story to a friend
Have your say on this story
|
 |
 |
- New Delhi airport runway not fully operational at night
New Delhi, July 4 (IANS) The new runway at the Indira Gandhi International Airport (IGIA) here remains non-operational during peak hours at night causing congestion and delays at the airport, an official said Saturday. [read story]
- Missing Orissa legislator back, withdraws resignation
Bhubaneswar, July 4 (IANS) An Orissa legislator, missing for the last two weeks after resigning from the assembly, Saturday re-appeared and withdrew his resignation, saying that he had been forced to step down. [read story]
- Gujarat ready with contingency plan if rains elude
Gandhinagar, July 4 (IANS) Gujarat agriculture officials met here Saturday to discuss the impact of scanty rainfall on groundnut, cotton and other crops. The state has also readied a contingency plan in case the monsoon eludes till July 10. [read story]
- New companies bill set for budget session: Khursheed
New Delhi, July 4 (IANS) The new Companies Bill 2009, with stricter disclosure norms and provision for one-person corporate entity, will be tabled in the ongoing budget session of parliament, Corporate Affairs Minister Salman Khursheed said Saturday. [read story]
- IGNOU starts 'learning revolution' through 100 community colleges
New Delhi, July 4 (IANS) The Indira Gandhi National Open University (IGNOU) Saturday started 100 community colleges to bring a 'learning revolution' among under-privileged students across the country. [read story]
|
|
 |
 |
|
|
