Mr. KV Kamath, Managing Director and CEO of ICICI Bank said that the bank is well equipped to face the global financial crises. 

Despite the financial turmoil, ICICI Bank will continue to uphold a fair growth in its balance sheet. He said that "malicious rumours" are being spread to strike down its share price. 

Speaking to a private TV channel here on Friday, Kamath said, “I just want to reiterate ICICI Bank is an extremely healthy institution.” 

“As long as Indian businesses continue to be globalised, there is an opportunity and we will judiciously seek out investment opportunities there. At no point in time, we have tried to grow the book for the sake of growing the book,” he added.

However, the shares of the leading private sector lender have witnessed a sharp fall by nearly 15 per cent in the last 10 days. Experts feel that due to the recent collapse of Lehman Brothers, the UK subsidiary of the ICICI bank, is expected to lose nearly Rs 375 crore.

Commenting on the selling of shares by its top management officials, he said, “These rumours are baseless and irresponsible, and no shares have been sold by members of top management of the bank during the current year.”