ICICI Bank approached police on Sunday against some brokers in Mumbai and Coimbatore for spreading rumors about the bank. ICICI Bank sources alleges SMS terrorism or economic terrorism for it's recent plunge in share value.

Last week some people sent SMSs like "Withdraw deposits from ICICI Bank as it is in series financial trouble". This created panic among investors and depositors and some people rushed to bank for withdrawing their money.

ICICI Bank stocks suffered a 34% loss in last 12 days.

Then Reserve Bank of India and Finance ministry came to rescue and said that ICICI Bank is well capitalised. In a special report Reserve Bank of India yesterday said that ICICI Bank capital adequacy better than SBI and HDFC.