There are a number of guys in this column who support the so called good work by ICICI. I do agree with their views but honestly the people who are criticising ICICI also have a more genuine concern, Eventhough ICICI is projected in a big way .. the professionalism like multinational banks are still lacking. The aim of ICICI should be a world model banking which caters to rich and poor equally in a developing country like India. Look at the example of the Gramin bank guy from Bangladesh who won Nobel prize for his efforts. Can ICICI claim they cater to rich and poor equally. If so then they could be nominated for a Nobel Prize next year.
RE:Nobel Prize for ICICI
by Ganesh on Jun 10, 2007 05:24 PM Permalink
ICICI is bank. Its role is to lend money and protect investors deposits, serve the customers by offering innovative products, technology, service and make profit in the process. They are not here for the charity. They don't claim to help or not help people based how poor or rich they are. They also don't claim to be a social organization. Once again get real. Cut the crap of helping poor etc. We have been talking about this for last 60 years. Somehow nothing has changed. Do that and poor stay poor. Focus on creating good service infratsructure, creating welth and offering opportunities for all. That's the surest way to prosparity....
RE:Nobel Prize for ICICI
by Ahmad on Jun 10, 2007 07:05 PM Permalink
I think ICICI has generated huge employment in poor India. Is that not a good think.
RE:Nobel Prize for ICICI
by kayum k kothavala on Jun 10, 2007 10:06 PM Permalink
ICICI is rather a mass institution.You are right on your inferences about the bank being more for the proletariat than the burgeoise, i personally have a bank account with ICICI and find them very effecient and the service are pretty high but a bit of fine tuning in their professional approach is required.Good obversation but all together I would bank with ICICI nevertheless!
