The ICICI bank has filed a First Information Report (FIR) against a Tirupur based sub broker, and www.smsgroupshup.com - a group SMS website  generating rumours about ICICI - reports the Economic Times.

The rumours affected the share price of ICICI Bank and caused uncertainty among its depositors. The bank filed a police complaint in Coimbatore and Mumbai on Sunday and accused a lobby of high-profile Bombay stock exchange (BSE) brokers, who have been selling the bank's shares, of spreading the rumours. The bank also blamed Kerala-based Maya News for spreading rumours which forced investors to sell shares. 

ICICI named Motilal Oswal, a  Tirupur sub-broker associated with a Mumbai-based brokerage, in its FIR. However, Motilal Oswal claimed that it had not received any complaint from the bank regarding spreading of false rumours, and said it was always positive about ICICI.

According to a statement by Chanda Kochhar, joint managing director and CFO of ICICI, the bank has adequate rupee liquidity in the context of the current environment. The bank has also never used rupee funds for its international growth initiatives. X

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