Ravikiran Rao writes in response to the ECS post:  Just wanted to give [the story] a little more detail. The detail will indict Kotak further and probably exonerate ICICI – go ahead and update your post with this if needed. So my ULIP wit…

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Or so said a reader of “Subramoney”: [ECS or Electronic Clearing Service is used to automatically remove money or put money into a bank account, with a mandate given by the customer. ECS Debit is used to avoid having to manually pay every bill; m…

Posted in Credit Repair, ICICI Bank, Suckered Comments Off

ICICI Bank’s last quarter results were slightly disastrous by most standards, and therefore the stock markets decided to ignore them completely. I nearly did myself, until a few minutes ago. here’s the quarterly EPS (Trailing 12 month data used so …

Posted in Credit Repair, ICICI Bank Comments Off

Updated: ICICI prints a retraction, and ICAI says it denies such allegations.

ICAI Denial:

(Click for larger images)

Funny, ICICI says “The article is grossly inaccurate. The article mentions sale of home loans of Rs. 10,000 crores to ARCIL. …

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