The country’s largest private lender ICICI Bank, On Monday(29th Sept, 2008) said that 98 per cent of its UK arm’s non-India investment book is rated investment grade and above.
The bank’s share on Monday fell to a two-year low on the domestic bourses even while other front-line lenders including HDFC Bank and the State Bank of India were trading over 30 per cent above their yearly lows.
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