Whoa!! There's only one ICICI Bank to my knowledge, but we never made that claim!! That would be totally absurd..... We started with one branch and expanded to 5 now.. I don't think we ever claimed or even dreamed to be the "No.1 in Russia"... That simply isn't our goal...
On 2/22/08, Nick REES <[EMAIL PROTECTED]> wrote: > > Is this the same ICICI Bank that claimed it would be No1 in Russia within > 18 months of opening??? > > ----- Original Message ---- > From: K K Neelamraju <[EMAIL PROTECTED]> > To: The Moscow Expat List <[email protected]> > Sent: Thursday, February 21, 2008 11:33:27 AM > Subject: Re: Expat List Citi bank - complaining > > Folks > > I work for india's 2nd largest bank - ICICI Bank - which set up operations > in Russia an year and a half ago... I just moved to moscow ofcourse, as a > product manager for consumer banking... > > Our interest rates are much better.. and we are moving up fast on the > customer service learning curve!! > > This feedback about a giant like Citibank definitely interests me! > > > 2008/2/20 Emin Aliev <[EMAIL PROTECTED]>: > > > Well, maybe we should all do something about it? > > > > How about starting our own bank! Or a Credit Union - first for expats, > > then - for everyone else! We will have the best interest rates in the > > country! And low, low wire transfer fee for the money going overseas... ;-) > > > > Who wants to chip in? I've got a spare $2... > > > > > > > > > > - Emin > > > > > > ----- Original Message ---- > > From: Vladimir Afanasev <[EMAIL PROTECTED]> > > To: The Moscow Expat List <[email protected]> > > > > Sent: Wednesday, February 20, 2008 12:35:22 PM > > Subject: Re: Expat List Citi bank - complaining > > > > Julian, > > > > What will they do, can I ask you? Russian law prohibits western banks > > to establish direct branches here. Citibank here is incorporated as > > ZAO KB Citibank, it is purely a Russian company, with its own balance > > sheet, P&L etc. What you see is just the brand name that you know, but > > what's behind it is completely different from the west. > > > > If Russia gets into a new financial crisis, Citibank in the US will > > assume no obligations of ZAO KB Citibank in Russia if this Russian > > bank also experiences financial difficulties. Same for Raiffeisen, it > > is also another ZAO. > > > > For me, roots of the problem lie not in the poor supervision from the > > US management, they are in the poor state of the service sector in > > Russia, the fact that its economy depends only on exports of oil and > > gas, that there are numerous stupid regulations which make the conduct > > of private business very difficult, widespread corruption, > > deteriorated educational system, nepotism which makes young people > > believe that working hard is useless because you will not achieve > > anything, etc. > > > > Of course there are positive sides like high oil prices, increasing > > stabilisation fund, hard currency reserves, single party of power, etc > > but all these benefits are not for you, Julian, not for myself, not for > > many other people living in this country. Nobody will hear your voice. > > Because there are so many people who will continue to use > > Citibank/RZB/other banks just because they accept such service is > > normal. > > > > All the best > > > > Vladimir > > > > Wednesday, February 20, 2008, 8:57:38 AM, you wrote: > > > > > People, Don't just accept this! You all have access to the Internet! > > > > > I just cut and pasted the last big email about citi bank and sent it > > to > > > the board of directors in America. ( I removed email addresses) > > > > > You have a voice, use it! > > > > > I > > > > > Julian Beirne > > > Moscow > > > > _______________________________________________ > > Expat mailing list > > [email protected] > > http://www.lists.ru/mailman/listinfo/expat > > http://www.expat.ru/forum/ > > > > > > > > > > _______________________________________________ > > Expat mailing list > > [email protected] > > http://www.lists.ru/mailman/listinfo/expat > > http://www.expat.ru/forum/ > > > > > > -- > Krishna Kishore > > > -----Inline Attachment Follows----- > > _______________________________________________ > Expat mailing list > [email protected] > http://www.lists.ru/mailman/listinfo/expat > http://www.expat.ru/forum/ > > > > ------------------------------ > Looking for last minute shopping deals? Find them fast with Yahoo! > Search.<http://us.rd.yahoo.com/evt=51734/*http://tools.search.yahoo.com/newsearch/category.php?category=shopping> > > _______________________________________________ > Expat mailing list > [email protected] > http://www.lists.ru/mailman/listinfo/expat > http://www.expat.ru/forum/ >
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