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RE:ICICI's success
by on Jun 29, 2007 05:06 PM

Yes they solicited and literally begged for salary accounts. Offered incentives like zero balance accounts for temporary employees. But that was when they needed us. Now they are ordering us to close the "small sum large volume" accounts in which relatively smaller sums of money like a few thousand rupees is deposited through salary and withdrawn in several batches. Now they want only high net worth accounts! To hell with small account holders. They are a nuisance the bank can do without. When convenient, they used these accounts to boost their numbers and now "Get Lost"!

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The above message is part of the Discussion Board:
How ICICI became a global giant