ICICI Bank UK has high level liquidity, assets: Moody's

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ICICI Bank UK has high level liquidity, assets: Moody's

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.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » RELATED NEWS Liquidity adequate, global exposure small: ICICI Bk Experts differ on mkts stabilising ICICI Bank Q2 PAT seen at Rs 1034.3 cr: P Lilladher ALSO READ See latest News about ICICI Bank See previous management interviews See what other Experts & Brokerages are saying about ICICI Bank ICICI Bank BSE | NSE 25/05/12 Are Mutual Funds betting on ICICI Bank?

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.