ICICI shares drop 14 pct as banks mauled

Reuters, 29 Sep 2008

"MUMBAI (Reuters) - Shares in ICICI Bank, India's second-biggest bank, fell nearly 14 percent to a two-year low on Monday, hurt by foreign fund selling and worries about the impact of the global credit problems."

"Foreign ownership in ICICI was close to 70 percent, according to stock exchange filings, with shareholders including Singapore state investor Temasek and the Government of Singapore Investment Corp (GIC)."

Read More

Related News:
UK arm not into subprime credit: ICICI - Business Standard, 30 Sep 08