No problem with ICICI Bank: Govt

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New Delhi, October 10: : The government on Friday said there is no problem with the leading private sector lender ICICI Bank, shares of which tumbled more than 20 per cent in the early trade, while the bank asserted it had adequate rupee liquidity.

"We do not see any problem with the ICICI Bank," said a senior Finance Ministry official, adding, all Indian banks are well-capitalised and well-regulated.

He added the Capital Adequacy Ratio of each bank is above 10 per cent, well above the regulatory requirement of nine per cent.

When asked whether the government was planning to infuse more funds into the system, the Finance Ministry official said that the group constituted by Finance Minister P Chidambaram will asses the situation and take appropriate action.

Meanwhile, ICICI Bank Joint Managing Director Chanda Kochhar said in a statement that the bank has "adequate rupee liquidity in the context of the current environment."

Pointing out that ICICI Bank has never used rupee funds for its international growth initiative, the statement said the bank has liquidity of Rs 12,000 crore in its overseas subsidiaries.

Kochhar further said the bank has consolidated asset of USD 113 billion as on June 30, 2008.