ICICI Bank takes action against malicious SMS
Oct 13, 2008
Stock Market
ICICI Bank, which has been at the receiving end of rumors, false alarms, panic calls and has seen it’s share price plummet in the past week, has now taken action.
The bank has filed an FIR alleging that a Tirupur sub-broker associated with a well-known Mumbai-based retail broking firm and a group SMS-sending websites are suspected to have generated the malicious rumours that battered the share price of ICICI Bank and unsettled its customers and shareholders.
Though ICICI Bank also named Motilal Oswal, a director from the broking firm said they were not aware of any such SMS and were always positive on the ICICI scrip.
