icici bank is a chor bank, they were the first one to increase rates, and they are not reducing now, some existing customers are given option to switch to lower rates after paying 0.5% switch fee, so i dont understand what do they mean by floating rate of interest, the new customers are getting loans at attractive rates as they give them higher discount.
clearly icici is behaving unethically and i dont understand why rbi is sleeping on this?
Re: icici bank a chor
by Tejinder Singh on Mar 24, 2009 09:01 PM
This is true of all private banks. HSBC increased rates tice in August but with repo rates coimg down drastically, they have not even bothered to reduce rates.
Re: icici bank a chor
by Arpan Jain on Mar 24, 2009 09:02 PM
very correct; i think something for sure is cooking between private banks and government officials.
