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ICICI Bank
Icici bank trading range could be 275-425....
Posted by :
marketmanTracked by: 0 Boarder
The investors who have entered on friday`s lows may be taking the profits at theses levels.... fresh investors will be waiting for the results to come in.... with the several regulators watching the counter aswell as banking operations on daily basis,it may not be possible for the bank to go for huge profits in coming terms with the strict norms and regulations.... so, the funds which are facing redemptions and brokers facing margin calls and investors who do not like the bank due to recent nonsenses may be selling in the counter at these levels.......
In reply to:
Icici bank trading range could be 275-425....
Posted by : marketman
The stock of icici bank may settle in the trading range of 275-425 for the near term.... s&p and rbi already said there are no liquidity problems in the bank.... now moody`s says no problem in icici bank so far.... so,icici bank will not be closed atleast during this fiscal.... customers need not worry....
However,the investors may be still in nervous mood and thus utilise the bounces to exit....
Traders/speculators may try to create swings in the mentioned range in coming sessions.... panic sellings may not be visible in the counter in coming days,but that can not be concluded it is a better investment inpresent circumstances....
Do not forget that both RBI and Sebi closely watching the bank moments closely for catching any fradulent operations.... so,with the extra pressure from regulators,the bank cant behave like before to get maximum benefits from market....
pl note that the book value of the scrip is 417 at the moment.... 
MMB Code of conduct
Posted by : radhika_nandlalTracked by: 0 Boarder
If ICICI BANK prosecutes me no one is responsible but only ICICI BANK is responsible. I have suffered due to ICICIDIRECT miserably maintained technology. I have my complaint written to RBI but not attended to by ICICIDIRECT.. they can prosecute me i am ready.. i will show whole of India all proofs....
In reply to:
MMB Code of conduct
Posted by : radhika_nandlal
Moderator,
What i spoke about ICICIDIRECT and icici bank is the TRUTH and nothing but the TRUTH.
They allow us to use the same passwords while other banks say you cannot use the last few pwds as current passwords.
They dont credit the money we pay instantly, they take time to credit it.
Complaints about the malfunctioning of ICICIDIRECT has not been attended or settled favorably in favor of the customer.
THIS IS THE TRUTH.
MMB Code of conduct
Posted by : radhika_nandlalTracked by: 0 Boarder
Moderator,
What i spoke about ICICIDIRECT and icici bank is the TRUTH and nothing but the TRUTH.
They allow us to use the same passwords while other banks say you cannot use the last few pwds as current passwords.
They dont credit the money we pay instantly, they take time to credit it.
Complaints about the malfunctioning of ICICIDIRECT has not been attended or settled favorably in favor of the customer.
THIS IS THE TRUTH....
In reply to:
MMB Code of conduct
Posted by : MMB Moderator
Hi iinvestr,
Please note we have deleted your message ICICI Bank page. We request you not to post such messages henceforth.
Please note you can be prosecuted in a court for posting messages with false information, blatant lies and mischievous misrepresentation of facts on the board. We would also like to inform you that Moneycontrol and the MMB team takes no responsibility for the content of your message published on the site.
-MMB Moderator
MMB Code of conduct
Posted by : radhika_nandlalTracked by: 0 Boarder
Okay moderator we dont want to be here if we cannot state the facts on ICICI bank`s mode of operations.
Ask how many boarders here have lost money due to ICICI DIRECT malfunctioning on a DAILY BASIS?
...
In reply to:
MMB Code of conduct
Posted by : MMB Moderator
Hi iinvestr,
Please note we have deleted your message ICICI Bank page. We request you not to post such messages henceforth.
Please note you can be prosecuted in a court for posting messages with false information, blatant lies and mischievous misrepresentation of facts on the board. We would also like to inform you that Moneycontrol and the MMB team takes no responsibility for the content of your message published on the site.
-MMB Moderator
I C I C I B A N K
Posted by : zoombusinessTracked by: 0 Boarder
ICICI complains to cops about rumours Says some brokers spreading malicious information, calls it economic terrorism
Going all-out to retain the trust of investors and customers, ICICI Bank on Sunday approached the police alleging certain brokers with a Mumbai-based brokerage house were indulging in “malicious” rumour mongering to raise doubts about its financial health.Calling it economic terrorism, an ICICI Bank spokesman said: “We will be approaching all regulators including SEBI on this.”
In its complaints filed with the economic offences wings of police in Mumbai and Coimbatore, the bank said that a broker or sub-broker in the Tamil Nadu city was sending SMSes creating panic among depositors, causing withdrawals.
Over the last few days, ICICI bank has been facing an onslaught of rumours that the global economic crisis had triggered a liquidity crunch in the country’s biggest private sector bank. On Saturday the bank sent SMSes assuring its depositors that their money was safe. It also released advertisements in newspapers asking its customer not to listen to “baseless rumours.”Senior bank officials went into a huddle, holding meetings for most of Sunday even as the corporate communications department was working overtime. They finally decided to file the police complaints to counter the rumours.
ICICI Bank scrips have lost half its value in the last one month and the current value per share is Rs365 — lowest in the last three years. On Friday, the bank’s shares lost 28% of their previous day’s value during early trade and were down 20% by the end of day’s trading.ICICI Bank managing director KV Kamath has already talked to finance minister P Chidambaram about the vested interests who are deliberately hammering down the share prices and has sought a proper investigation from SEBI.
The concerted effort to spread malicious rumours could be [a] new form of economic terrorism (akin to how counterfeit currency is put into circulation to lower the public faith and confidence, and cause national economic interests to be compromised),the bank complaint says.
According to the complaint, one of the SMSes read: “Kindly withdraw all your deposits and cash in account with ICICI Bank as ICICI Bank already rushed to RBI for insolvency.”
The rumours were also spread about top management selling shares of the bank,
creating panic in the share market, the complaint alleges. It cited an SMS that read: “icici top officials r all sellng thr icici holdings in mkt 4 lst 2 wks. Thy knw that icici is going to annnce vry bad bankruptcy soon. This is confirmed news from 1 of its board drctrs. exit all ur holding in icici n all bnk stks. kamath also selling his binami holdings from 750 levels (sic).”
The private sector lender alleges that a bear cartel of certain high-profile brokers in the Bombay Stock Exchange, who have been selling the shares, stocks and securities of the bank for quite some time, may also have been behind the circulation of the malicious rumours about its financial status.The bank had conducted preliminary investigation using its own machinery to find the source of such misleading statements, e-mails and SMSes based on false information, the complaint said.
The complaint added that such a message was found to be sent by a massgroup SMS sending website called smsgupshup com & Maya news, having membership strength of 15,480.The bank has been maintaining that it is well capitalised. The capital adequacy is over 13% against the regulatory requirement of 9 per cent, the bank claims.
ICICI admits that there have been sporadic withdrawals from ATMs but also adds that it has enough funds to meet customer requirements for now
More than 70% of ICICI shares have been held by foreign institutional investors, but the bank refuses to blame foreign funds for the fall. “Foreign funds dominate the whole market and are pulling out investments from across the stock market for some time and that is affecting the market as a whole,” a bank spokesperson said.
-courtesy Daily News & Analysis....
Icici Bank
Posted by : zoombusinessTracked by: 0 Boarder
Shares In ICICI Bank Surge; Stock Gains 24 Pct After Dropping Around 20 Pct On Friday
ICICI BANK call given at Buy ICICI BANK 417-19 TGT 423 ,450 SL ....
MMB Code of conduct
Posted by : radhika_nandlalTracked by: 0 Boarder
Moderator,
Again my post on ICICI bank has been deleted by you. PRAY WHY? Thats the truth and nothign but the truth....
In reply to:
MMB Code of conduct
Posted by : MMB Moderator
Hi iinvestr,
Please note we have deleted your message ICICI Bank page. We request you not to post such messages henceforth.
Please note you can be prosecuted in a court for posting messages with false information, blatant lies and mischievous misrepresentation of facts on the board. We would also like to inform you that Moneycontrol and the MMB team takes no responsibility for the content of your message published on the site.
-MMB Moderator
MMB Code of conduct
Posted by : MMB ModeratorTracked by: 0 Boarder
Hi iinvestr,
Please note we have deleted your message ICICI Bank page. We request you not to post such messages henceforth.
Please note you can be prosecuted in a court for posting messages with false information, blatant lies and mischievous misrepresentation of facts on the board. We would also like to inform you that Moneycontrol and the MMB team takes no responsibility for the content of your message published on the site.
-MMB Moderator
...
ICICI Share Slide Down Has Nothing to Do with Bank` Financial Health.
Posted by :
kadiyaliTracked by: 0 Boarder
ICICI Bank share prices slide down has nothing to do with their financial health. It is generally known that the financial health of ICICI Bank is sound, and as KVKamath rightly said, the rumour mill is working overtime to destabilise the Bank. Moody`s reaffirmation of the Bank`s financial health has also come in right time.
But the fact remains that the stock markets all over the world including in India is in a severe bear grip, and this bear phase will continue till 2009 end. Though markets are nearing a bottom in terms of indices, it will bottom out in terms of time/period only during January 2010.
Long term investors can look for still lower bottoms for many blue chips including ICICI. So one can get out of ICICI Bank if it closes any day beyond Rs 515, and look for suitable opportunity to buy back at much lower prices in the months to come....
GOVT. for police inquiry
Posted by : GuestTracked by: 0 Boarder
police inquiry into the manipulation and panic rumour creation in icici bank is ordered.Even a boarder in moneycontrol known as mar---man can get arrested....
I have strong believed in ICICI Bank
Posted by :
Arrun KumarTracked by: 0 Boarder
The streets of DALAL are now full of rumors... Today it is the news of ICICI Bank and tomarrow it will be SBI.... everyone is confused with the disscussion of our banking system.... there is horror trading in dala street... I must say this is life time Opportunity to buy shares of private banking... ignoring all the rumors around the street... ICICI bank is still India largest and profitable bank not in India but in globe... This is testing time of ICICI management... I still beleive if anybody buy this share he will get good profit is short term and also in long term..... ...
ICICIBANK - on the verge of closure
Posted by : dmat2503Tracked by: 1 Boarder
Banks dont collapse on technicals alone...so the point of debate here is not how sound (or unsound) is the bank. Investor (deposit holders) panic alone can cause a run on the bank and lead to collapse.
Hopefully things are turning for the better for the bank...but keep your fingers crossed...
In reply to:
ICICIBANK - on the verge of closure
Posted by : iinvestr
Approx Rs.10,000 cr have been taken out by closure of bank a/c. and transfer of demat shares by its customers in last one month. The Bank is borrowing at astronomically high rate of 35% p.a to give salary to its staff.
Tax payers` money
Posted by : chchchTracked by: 0 Boarder
It is reported in Times of India today -that the Govt. has reportedly instructed its firms to increase deposits with ICICI Bank. My query is why? Why the Govt. should bother if the price of ICICI Bank goes down? There are umpteen number of PSU banks quoting at huge percentage below the issue price in IPO/FPOs. For instance, even SBI is quoting below the recent FPO price. Another instance, Andhra Bank issued FPO at Rs.90/- per share, now quoting around Rs.55/-. Central Bank of India came recently with IPO and is quoting more than 25% below issue price. Only PNB which came out with FPO at Rs.390/-is quoting above the issue price. In such a case, Government should not take risk with PSU funds (read tax payers` money)and direct them to deposit with ICICI Bank, rather, these funds should be used for optimal utilisation for which the funds were intended for....
Rumours intended to destabilize ICICI Bank: KV Kamath
Posted by : zoombusinessTracked by: 0 Boarder
Rumours intended to destabilize ICICI Bank: KV Kamath...
Icici bank
Posted by : zoombusinessTracked by: 0 Boarder
ICICI Bank hit the target
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