ICICI Bank will ensure that all ATMs and branches have enough cash in the wake of 'panic withdrawals' through ATMs by customers in a few cities of Gujarat.

Terming the rumour of ICICI Bank going bankrupt as 'baseless,' the bank's spokesperson said: "We will move cash to ensure that all ATMs and branches stay liquid. If a depositor wants to withdraw, we will return his money."

The rumour had led to several depositors rushing for ATMs to withdraw money yesterday in many parts of Ahmedabad, Rajkot, Surat and Anand in Gujarat.

"The situation is much easier this morning, but people are still queuing up", the spokesperson added.

Meanwhile, the bank has announced plans to open eight new branches in Gujarat, including two in Ahmedabad, and setting up of an additional 35 ATMs in the state over the next few months.

With the additions, the network in Gujarat would stand at 30 branches and 150 ATMs.

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What do you think about the story? Read what others have to say: Number of User Comments: 65 Sub: ICICI Can never get liquidated Its all people's foolishness that they believe this kind of gossip and start withdrawing their money... If ICICI Liquidated then there is no safe place ... Posted by Srikanth Sub: ICICI Bank (Rumour?) It was the duty of the bank officials to address concerns of depositors by all possible media routes. Auto reply mails is not the answer. ... Posted by Ajinkya Sub: ICICI Bank The way ICICI Managers at lower as well at the top level treat the customers as dirt I am sure the days are not far ... Posted by Anil Sood Sub: icici bank late night on the TV Ihad seen NEWS about bankcupcy it had shocked me from were it had generated people should realise deffirence between icici ... Posted by sharad chandra Sub: ICICI Services Need Vast Improvement While the current liquidity issue might not be a real thing to worry from the bank side, its definitely time they take a critical look ... Posted by Venkat