I would tend to agree with this observation.
ICICI Bank and ICICI Direct web site was down for more than 4 hours just few days back (I do not remember the exact date), so these technical glitches are across the Banks.
Sometimes those are not reported widely by Media.
Hence, as long as business is good, an investor should focus on the business fundamentals.
Off course in this case, fundamentals will be impacted to some extent but keep faith in your conviction and management’s capability to overcome such tough situations.
Probably they were little less cautious earlier and Hope that, they will learn a lesson and turn around the situation like many other banks.
Disclosure : Invested in Kotak Bank in the past 2-3 years.
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