Will it go down? Rumors are flying thick & fast about ICICI a leading private bank in India of which I am an old shareholder. This morning I got an SMS from them dear customer your money is absolutely safe.

Last night a senior office was defending the bank on tv. Just for the lark I went to a branch close to my office showed a finger to the manager & told him I wanted to deposit this much if she can give me a coffee.

She gave me a warm smile & asked me to take a seat. I got my answer. Got up & left. I have no doubt that the bank is safe despite so many despite their aggressive stance for the simple reason that I have faith in reserve bank despite their muted response to the loan waiver which has lead to sinking of the public money like a titanic with a long term moral hazard.

I am sure if ICICI goes down many others will follow as in India we need four to carry a dead body for the last rites. As the government is so close to election a system failure or should we call it collapse will ensure that it is not returned to power.

Our beloved FM will defend this turf with all his talent with a helping hand from pm no light weight either. So guys & gals do not worry be happy.

Who knows what lies in the bosom of tomorrow let us drink & get drunk to celebrate the young night. And yes I did deposit RS 1 in my account just to repose my faith.

I love my India.

I love ICICI.