The largest private bank, ICICI Bank assured the customers that their money is safe with the bank and customers need not to worry about any thing. The bank has no sub prime investment and it has a small exposure in the US market.

The chairman of the ICICI bank, KV Kamath said that the bank has no problem of liquidity and it is well capitalized. He said that some market forces are spreading rumours about economic health of the bank. The bank maintains more than sufficient funds for successful monetary operations.

It has Rs 90,000 crore of government securities besides $2.5 billion in cash in terms of global subsidiaries. Its UK subsidiary was also in good health and no one needed to worry about it. He also quoted the statement of RBI regarding sound financial health of the bank.

Mr. Kamath said that the government should inject more liquidity in the market and ban short-selling in the wake of current market conditions. Some countries have already banned short-selling amid global meltdown.