This rumour is doing the rounds currently. It was 10.30 pm when i reached my room yesterday and was about to crash to sleep, but it was all gone with my roommate telling me about this rumour.
All the salary accounts of my peers at work are in ICICI. Its hard to believe such rumours, but when it is something with your hard earned money , none of us want to take the risk.
It was already late at night, and there were huge crowds outside the ATM, eager to withdraw their money. Being my salary account, i too was eager to get to the ATM. But somehow felt it would be stupid to do that without verifying the facts.
Had it been real, my cousin working in ICICI bank, would have informed me. So I just surfed through the news channels and read all the "Breaking News" scrollings. No news of icici bankruptcy anywhere. Thanks to the news channels, i finally got some sleep.
ICICI has been the worst affected among the Indian banks because of the Lehman Brothers Bankruptcy. It is natural that people believe such rumours.
With the current global economic recession, one should be prepared for the rainy day. So the best strategy would be to distribute the savings in 2 or 3 bank accounts (with atleast 1 govt undertaking) and minimise the risks.
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2 comments:
hmm.. one of my frens was panicking when she heard this news :)
the day was fun, with one of my roommates on roll to pull out as much money as he can.. may be people drowning on titanic panicked a little compared to him ;)
good suggestion at the end for all those who have a lot of money (not for me ofcourse ;) )
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