1. It is heartening to note that ICICI bank is out of the troubled waters and is not on the verge of collapse.
2. All overseas UK investors of ICICI can heave a sigh of relief as ICICI Bank UK PLC has zero exposure to US sub-prime credit, whether directly or through credit derivatives such as CDOs/CLNs/CDS .
3. Moreover this information will give all the more comfort to ICICI Bank UK customers as bank has bank's 98% of non India investment book worth $3.5 billion has been rated either investment grade or has been given a higher rating and exposure for this fund in US is close to 18%.
4. Thus one can make a statement boldly that ICICI bank is neither collapsing nor going bankrupt and have a good night sleep and stop searching for articles in Google by typing keywords like ICICI collapse or ICICI bank collapse or ICICI going bankrupt.
