RE:Please
by chanakya maurya on Dec 14, 2007 01:47 PM Permalink
Tom, let him first take care of the boat which could capsize under the winds of sub-prime.
Vikram Pandit should do the repair work step by step.Priortise the problems,serious and have effective people doing the job.He shouldnt neglect Asia because Asia is a financial power house and would be a powerfull partner in future for atleast next 2 decades minimum.India, China,Japan,even small countries like Vietnam and Bangladesh should be the areas of interest. Africa could be another powerfull destination if handeled carefully.Rich Arab lobby should be also tapped effectively.Cost cut where ever required should be implimented immidietly.CITY under Vikram will be in good shape by 2010.
Its surely a high to have an Indian heading the worlds biggest bank!! Its an indication of the potential & the confidence of the New Gen India.
However the fact still remains that this pales in comparison to the tremendous progress Indian business houses have made globally in M&A activity, in increasing shares & in raising capital value. Companies like Tata's, Reliance, A.V. Birla group, Bharti (..and I dont count Mittals as they do not count them as Indian business) are venturing out in search of their share of world commerce. We hope that the tentative steps taken by these enterprises will be reinforced by sound financial & business acumen following in success.
However we need to keep 2 things in mind. 1. To not follow in the trap of the profit race - but be a part of the enterprise race. Meaning which, the myopic race to increase profits at any cost which have been the bane of a lot of the current "developed nations" enterprises should be avoided and business need to be built for long term survival. 2. India cannot progress unless the 100 crore Indians progress. The businesses need to have a strategy that will provide opportunity for the 100 crore Indians to share its spoils. Yes the 100 crore Indians need to stretch themselves and carve out their own share. But atleast give them the opportunity to do so. Eschew subsidies & handouts. Handouts only increase the feeling of helplessness.
RE:Wrost bank in India
by Gautam Sinha on Dec 14, 2007 12:03 PM Permalink
One should run to use credit wisely. Don't blame the bank for it. Yes if you are a citi customer who is not part of a corporate relationship, it is an unfortunate relationship and avoidance is the best option. Beware of the charges.
RE:Wrost bank in India
by xman on Dec 14, 2007 12:59 PM Permalink
u take loans..n dont repay it..every bank would be pokin the bamboo in ur bum to get back the money!!!citi is no xception!
RE:Wrost bank in India
by abhijeet kulkarni on Dec 14, 2007 03:05 PM Permalink
Yes....But there is a certain limit to charge you the services they r providing.ICICI n Citibank bot are top in this.
RE:Enough of Pandit
by Dare on Dec 14, 2007 04:49 PM Permalink
Swamy, My friend... what happened huh? There is something called "skip". If u dont like a news article, skip it.. no one forces u to read.. Rediff has several sections to cater to everyone..U may find soemthing good then in the best legs section etc.. Let VP bask in limelight..
RE:Enough of Pandit
by swamy on Dec 14, 2007 12:35 PM Permalink
Its been a week and the same news they keep publishing..its over publicizing the same thing..
RE:Enough of Pandit
by swamy on Dec 14, 2007 02:03 PM Permalink
dude, Im not Jealous!, and im not a tamilian either ;), i just hate the way our country's media works..u cannot write the same articles for 4 days in a row..come on!
RE:Enough of Pandit
by anand datar on Dec 14, 2007 02:07 PM Permalink
I think you count days like weeks ! Rediff first gave the news on 12th Dec. Today is 14th Dec. It is only 2 days old and you say they are publishing since a week ?! Swami, such articles must have given lot of inspirations to all the Indians who must have read them. Moreover there is a lot to learn. Such articles have value much more than a news.
RE:RE:Enough of Pandit
by vikas jadhav on Dec 14, 2007 04:03 PM Permalink
Absoultely Anand, I believe this is Moment for Pride for all of Indians, come on learn to appreciate your own folks, get away from Crab mentatility at least now, VP has very much his roots in India and not a person who has forgotten his Matrubhoomi, we should be proud of being Indian, VP's father is so proud, Just Google search for top big corporations and Citi is right at top, VP is heading the largest Financial Corporation of World and has confidence of all Americans, come on wake up guys, at least support morally if not otherwise
Citibank can be rescued only if it stops chasing quarterly targets, brings back the old values of commercial banking (including in the area of risk management), stops cutting corners in the mistaken belief that no one will find out; and even if they do, cannot catch them. Wishing the new CEO all the best.
RE:Rescuing Citibank
by Gautam Sinha on Dec 14, 2007 12:06 PM Permalink
Agreed. And they should do something about their backend services particularly for the credit card and also for the rules. It is probably the only bank that says that bank account co owners must reside at the same address!!
RE:Rescuing Citibank
by Dare on Dec 14, 2007 04:47 PM Permalink
OK R. Bose, I will let VP know that..He is looking for some help now that Rob Rubin has resigned...Everyone has ideas these days...
