- 05:51 PM In good spirits: Beam Global bets big on India
- 05:47 PM Trellisys.net: Cashing in on the social networking...
- 05:34 PM Obama asks Americans for patience on economy
- 05:34 PM Italy arrests Pakistanis suspected of Mumbai links
- 04:37 PM Govt plans rice reserve sale in local markets
- 04:22 PM Aurobindo Pharma sees $2 bn sales in next 3 ye...
- 04:07 PM Now, Daigeo's duty free products are under DRI len...
- 03:11 PM RBI's new forex derivative rule too liberal, say e...
- 02:30 PM Implications of tax treaty re-negotiation
- 02:25 PM Beware unearths how agents allegedly sell cars at ...


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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