ICICI Bank CEO says deposits are safe

ICICI Bank's chief executive says deposits with India's second-largest bank are safe, and that it had a cushion to take domestic and overseas shocks.

ICICI Bank's chief executive said on Monday deposits with India's second-largest bank are safe, and that it had a cushion to take domestic and overseas shocks.

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KV Kamath told NDTV Profit television that India should consider banning short-selling.

His statements came amid concerns about ICICI's potential exposure to the global financial crisis, which has knocked its shares down 71 per cent in 2008. The shares fell 19.7 per cent on Friday, recording their sharpest single day fall ever.

(Reporting by Narayanan Somasundaram; Editing by John Mair)