I think that ICICI is providing good interest rates for the money invested into fixed/recurring deposits. But what about the interest they levy on the loans they offer?
The bank as an organization has been making a lot of money. The policies are so "stingent" to take every penny they can get from your money. The fact that they charge every ECS at minimum of 50/- is ridiculous. People who invest barely thousands of rupees, will loose all their profit here itself. Or is it the case that the bank wants to keep all the money of their customers WITHIN them?
Who am I to decide their fate.... I actually think its time that such a corporate bank starts doing well in India. But is it worth the expense?
