ICICI Bank in jittery

Last fortnight US financial crisis, will leave its mark through out the financial markets in the World. Today, when ICICI bank, India's largest private bank, overseas exposure to subprime was not revealed correctly, this phenomenon led to sudden negative reaction in the market, as Indian consumers lined in front of the bank's ATM. Even ICICI bank behaved negatively at the BSE bourses, with price quoting at 2 years low.

With such a negative sentiments towards the Bank financial status, led Mr K.V. Kamath to reveal about the financial condition of the bank. He said, that the financial condition of bank is robust, and it has enough balance to sustain depositors withdrawals. Besides, he also asked SEBI to probe into the fall of ICICI bank shares, as according to him it is due to some market makers, which are causing devaulation of the shares, in order to get un wanted advantage into banks operations.

But the question to ask now, touchwood it should not happen, but if ICICI bank fails, what will happen to Indian banking system?

Thanks&Regards,
Mohit