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ICICI Bank retains Satyam staff's credit limit

January 14, 2009

Showing its solidarity with the staff of troubled Satyam Computer, the country's top private sector lender ICICI Bank has said it has retained the credit limit of its customers working at the scam-ridden IT firm.

"ICICI Bank would like to point out that credit limits are dynamic and are revised based on changing environment. However, in case of Satyam employees, the bank has retained the credit limit," the bank said in a statement.

HDFC chairman Deepak Parekh, a member in the Satyam board, had asked bankers to go soft on Satyam employees and even support them.

Text: PTI

Image: A man walks past the ICICI Banks headquarters in Mumbai. | Photograph: Arko Datta/Reuters

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