Posted by Yogesh on Wednesday, 1 October, 2008
NEW DELHI: ssaulted by rumours that the US financial crisis had landed ICICI Bank in a tight spot, the country’s largest private sector bank — backed by the finance ministry and the Reserve Bank of India — moved quickly to assure depositors that their money was safe and there was no reason to fear a run on the bank.
In the morning, security guards at a number of ICICI ATMs reported an increase in the number of customers arriving to withdraw cash through Monday night and Tuesday morning. TOI offices also received several calls from readers asking if ICICI was indeed in trouble, and if they should withdraw their money. Read the rest of this entry »
Posted in Corporate News | Tagged: ICICI Bank | Leave a Comment »
Posted by Yogesh on Wednesday, 1 October, 2008
NEW DELHI: Stampedes are bigger killers in India than bomb blasts that so dramatically capture our mindspace. In 2008 alone so far, over 360 people lost their life in major stampedes compared to 156 killed by bomb blasts.
This year is not an aberration. Data collated for the last nearly nine years shows that while 875 people have lost their lives in stampedes that were big enough to make the national press, 766 have been killed by terror bombs.
The actual number killed in stampedes may be even higher. What we have collated is based on press reports, since no centralized data base exists for such incidents, unlike with terror attacks. It is also clear that single bomb blasts rarely kill people in the kind of large numbers that are associated with stampedes. Read the rest of this entry »
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