- 10:46 PM Astec LifeSciences to start a project in Q3FY11
- 09:24 PM Student visa applications to US, UK see 25% drop
- 07:40 PM ITC rules out hostile takeover of East India Hotel...
- 07:34 PM Godrej, Marico eye UK-based skincare brand Simple:...
- 06:46 PM Nirmal Bang's evening guide on commodity
- 06:43 PM Shankar Sharma case: SAT extends interim stay till...
- 06:33 PM Balrampur Chini FY09 PAT up 167% at Rs 209 cr
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- 06:14 PM After market report by Nirmal Bang
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Financial crisis had triggered rumours about the fate of domestic banks, specifically ICICI Bank. However, global rating agency Moody's has given the bank's UK operations a good grading, declaring that the ICICI Bank UK has a robust asset quality, liquidity and a high level of capitalisation. The bank's rating has been reaffirmed at Baa1 for senior debt, which is higher than the foreign currency senior debt rating of any Indian bank. Moody’s sees no high risk sub-prime securities in ICICI Bank UK’s investment book. Back home ICICI Bank has lodged a police complaint against some brokers for spreading malicious rumours against the bank via SMS.
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