I dont know if Mr. Kundapur vaman Kamath is ever going to read this message or any of his assistants would ever bring this message to his notice - BUT - the fact is that in his climb uphill, Mr. Kamath has employed many incapable people who are furthur recruiting people of their own calibre(not only incapable but also arrogant)who will, if not stopped, ruin the reputation of ICICI I would like to bring to the notice of Mr. Kamath (and other not so senior executives who are reading this message and may tomorrow head some organisation)that building an empire is no doubt a great job done but maintaining 'goodwill' of the customers is the toughest job - he has a lot of homework and soulsearching to do before he accomplishes that. Many professionally incapable and Officially arrogant executives have crept into ICICI and now is the real time to test Mr. Kamath's real calibre.
RE:WILL THE REAL Mr. KAMATH PLEASE STAND UP.
by Pramod Sharma on Jun 11, 2007 09:32 AM Permalink
You are absolutely right. As long as you do not have a problem which is not routine, we Indians are ok, but, give us an out of the ordinary situation and we crumble. I have experienced their incompetence and arrogance. Despite complaining at the highest level, nothing resulted. Is it with ICICI Bank only? No its all over. We need to look hard at our attitudes. God bless us all.
RE:WILL THE REAL Mr. KAMATH PLEASE STAND UP.
by Valerie Fernandes on Jun 12, 2007 12:06 PM Permalink
I agree with you 100%. There is no doubt that ICICI headed by Mr Kamat are cheats. They robbed my sister of her original home documents, never bothered to reply to upteen number of correspondence address to Kamat himself, when the matter came up in Court they had the cheek to deny having recd the documents .... I understand there have lost around 20 sets of customers' original property documents submitted at "Ashiyana" Thane and are plain cheating the customers to continue to pay EMIs without hope of receiving the original documents at the end of the day. When you stop paying EMI they take you to Court u/s 138 and when you challenge them they do not file their affidavit even months after their suing you. They just harras the customers. I would advise anyone not to trust their life's investment in this Bank. Sooner or later the truth will come out and this Bank is sure to fall big time. We had the misfortune of interacting with one fool or should I say smart alex named Agam Bhatnagar who boasts the Bank is resting on his shoulders and if he say they didnt receive the documents means they didnt.
Well, jst wanted to knw frm rediff authorities , if you guys praising mr.kamath or icici bank so much , n sayin it has assest worth 2500 billion n profit sky high , y have they hiked home loan rates crazily ,needless to say bank dosent hve liquidity to serve customer, every now n then ,they spread their hands to rbi n PLR increases every time n due to centralised services started in region mumbai 1 n 3 ,service from dsa end is gettin pathetic , hard for them to manage all becoz of cost cuttin issue by icici bank, where in i feel like icici gets major chunk of profit frm home loans n all..
I guess most of the issues are to be blamed on agents of the bank,who keeping thier own interests in mind misguide the customer into a deal.I myself was trapped in a personal loan with a interest rate of 36 % !! Call it stupidity or naivete I ended up paying almost double of what I borrowed. The banking system in India is so flawed that those who need money are made to pay higher interest than the more wealthy customers of the bank.
RE:DSA's to blame
by on Jun 11, 2007 02:08 AM Permalink
HI all....
from what i have read in this forum...and from my pesronal exp.....i think the retail banking looks good for ICICI(my experience).....but the loans department looks pathetic( as per this forum).....
retail is excellent I must say as compare to other banks...
this is for those who are criticising ICICI . You people should look at the pathetic condition of the other so called nationalised goverment banks .ICICI has revolutionized banking in india .It has made banking simple,smart and fast for people who are salaried or self employed .look at their innovations and service . Those who are talking about POOR customer care of ICICI should check out customer care in BOB,SBI,BOI and even private banks like HDFC . kudos to Mr.Kamath and his team. Its easy to criticise but its hard to lead
RE:look at pathetic conditions of other banks
by Valerie Fernandes on Jun 12, 2007 12:09 PM Permalink
I agree with you 100%. There is no doubt that ICICI headed by Mr Kamat are cheats. They robbed my sister of her original home documents, never bothered to reply to upteen number of correspondence address to Kamat himself, when the matter came up in Court they had the cheek to deny having recd the documents .... I understand there have lost around 20 sets of customers' original property documents submitted at "Ashiyana" Thane and are plain cheating the customers to continue to pay EMIs without hope of receiving the original documents at the end of the day. When you stop paying EMI they take you to Court u/s 138 and when you challenge them they do not file their affidavit even months after their suing you. They just harras the customers. I would advise anyone not to trust their life's investment in this Bank. Sooner or later the truth will come out and this Bank is sure to fall big time. We had the misfortune of interacting with one fool or should I say smart alex named Agam Bhatnagar who boasts the Bank is resting on his shoulders and if he say they didnt receive the documents means they didnt.
I want to just say that Mr. Kamath has to check with the customer services which is pathetic. People turn to Private banks because of not proper service provided by the Nationalised banks. The same is continued with ICICI bank. As the company is growing communication, customer service is a big challenge which Mr. Kamath has surely totally neglected. If he takes this seriously surely he can expand his empire. My experience with ICICI initially was very good but later part is pathetic. Over the phone, They just think with Don't care attitude. All the best Mr. Kamath
This is Chandra. I'm planning to invest about Rs 1 Lac per annuam in ICICI Prudential's Life time Super - Unit Linked plan. I understand that the out of total amount invested as much as 22% goes in to Adm. Charges i.e. less than 78% money only get allocated & invested where as in some of the compitators this is more than 95%. Is it true? I would like to ask authorities of ICICI that plz. clarifiy that so that I can take the right decision of my investment.
RE:ICICI Prudential Alocation rate - Life time super unit linked plan
by parthasarathy sarathy on Jun 11, 2007 10:29 AM Permalink
The charges of 22% is on the lower side. Usually, in the first year, they take away 35% or more (LIC pays its agents alone 40% of premium as commission for the first year), then, 15% in the II year and about 5% in all subsequent years. Only the balance will be invested. Unless they get super returns, you will never get back your principal. All the best
RE:RE:ICICI Prudential Alocation rate - Life time super unit linked plan
by on Jun 11, 2007 02:02 AM Permalink
u must be dam rich mate...pls think of the poor :-(
RE:ICICI Prudential Alocation rate - Life time super unit linked plan
by nitin devkar on Jun 11, 2007 08:25 AM Permalink
Yes u r right. The allocate only 80% of your premium. Rest they charge as service charges. So be careful while investing. Even I was not told this by their executive before investing.
RE:ICICI Prudential Alocation rate - Life time super unit linked plan
by on Jun 11, 2007 02:04 AM Permalink
mate....u seem to have plenty ...give it to the poor
ICICI is a business that is run by jokers. KV KaMATH might as well be one of them. ICIC is even worse than most of the government departments. With regrets... ICICI is not worth the appreciation.
And rediff you are a fool. You cannot stop anyone from writing whatever they want to. Your banning procedure is the worst. Any number of new IDs are available.
