The stock plummeted by over 20% at Rs364 the most since its trading debut in September 1997. The scrip touched an intra-day high of Rs423 and a low of Rs326 and recorded volumes of over 1,00,00,000 shares on BSE.
The RBI and FM, P Chidambaram in the previous week issued statements reassuring investors that the bank has enough capital. ICICI’s Joint Managing Director, Chanda Kochhar reassured investors stating that the bank enough liquidity.
