Hey All,
This is a warning to all those people out there who have an account with ICICI Bank. I predicted the fall of Global Trust Bank and it happened.
ICICI is a well managed bank, so well managed that it manages to hide the gaping holes with a lot of dexterity. The moment it smells trouble you will see a new IPO or a fixed deposit scheme. Don’t fall for it. Yes I have to agree that ICICI has a very good network. But even Global Trust Bank had a great network and great advertising. Did it work? For those who have suffered would it be worthwhile suffering again. I don’t think so.
Move those monies gradually. And keep a minimum balance if you do love the color of their cheque book. Just because the bank has a good network of ATMs does not mean that it is not in the doldrums. I too love Amitabh Bacchan. But I am sure he does not bank with ICICI. The bank is hiding many things and doing it very well.
Think about it, and if the Bank does a ’Global Trust’ don’t say you weren’t warned well in advance.
Cheers!
Sharath