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With reference to your news report “Chanda Kochhar, ICICI Bank’s new chief” (Business Line, December 20), there is no denying that the bank’s top priority is to direct its efforts to restore confidence of all its stakeholders, especially investors.

In one of her interviews, Ms Chanda Kochhar mentioned that the fall in ICICI Bank’s share price is due to the general meltdown in the market and not because of ICICI’s performance. Even assuming this is so, the fall in ICICI Bank’s share price has been significant compared to other private banks. The global financial crisis has badly shaken investors’ confidence in the banking sector as a whole. I hope the three leading private banks in India work together to regain their investors’ confidence.

Dipak Thakker Mumbai

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