Following the Lehman Bros collapse. the ICICI Bank in India is shaky.
IcIcI ‘s exposure to Lehman bros is the cause for this wobbliness.
Last week ,an unexpected turn to the bank’s composure took place.
Kayalpatinam . a small hamlet ‘in Tuticorin district ,Tamilnadu, was the venue for this non pareil exposition.
Thousands of customers queued up in the ATM centeres to draw cash.
The authorities showed undue patience and resilience in satisfying all.
The top brass of the bank ,came out with no worry messages.
They confidently announced, the exposure to Lehman could be made up in a single day.
Remember,”Security is mortals chiefest enemy “.says Shakespeare.
Uncertainities loom large.
The shares of Icici bank slide -450 -500 RS
A few days after, Chennaites ,became restless.
Again ,an inimitable rush to the banks branches and ATMs.
Advertisements in the papers read ,the Bank is sound,.
Banners were put up in important city centres proclaiming that ICICI is in the pink of its health,
“All is well with the Bank'”.
The Reseve bank Of India gave a credit tag recently spelling out that ICICI is safe.
Anyhow,the past accounting year saw a very average performance
Its overseas branches are making losses..
This private bank ,poses itself as a super market for finance products.
It boasts of high performance large volumes of credit transaction, speedy transfers, and excellent customer satisfaction.
Thinking Big ,is praise worthy.
Working Safe ,is risk worthy.
ICICI has been pushed to a detrimental commitment.
It has to deviate from the path which was least treaded by others.
But has to proceed in the road much traversed.
Faith and trust are the fundamentals to robust insinuations.
Expansion unpresumable. expression novel,enhanced enthusiasm are preambles to default implications
Meenas Poems 