ICICI is back- Torments man after goof-up

WhiteKnight · 18th July 2007, 16:12

ICICI agents recover a vehicle, only to find out that they picked the wrong one. So, they returned the vehicle and apologized? Wrong!

Source: Deccan Herald:
Please read the whole article here

rjstyles69 · 18th July 2007, 16:18

Cheap are the ways of this lousie bank. Wonder why cant the gov' do something about these leeches?

tsk1979 · 18th July 2007, 16:19

I doubt I will take loan from ICICI bank even if they offer it to me at 0% interest.

deepakhon · 18th July 2007, 16:31

I read that in today morning's DH edition. Shame on ICICI. They have been consistently harassing customers, even being physical many times. I am really afraid to bank with them. I have an ICICIdirect, a Demat and an SB account with them. I will look at opportunities to see if I can move the same setup to another bank which offers the same features. Till now, I have not had any problems, but looking at how things are going with many people, it might just be a matter of time.

ballkey · 18th July 2007, 16:45

What's even more curious is two vehicles were allotted the same regn. no. Is that even possible?

Very curious - two Wilsons from the same city buy a Honda scooter each, both take ICICI loans, and they also have the same regn. no!

ramie2400 · 18th July 2007, 16:52

I just enquired about buying a car for me about 4.91L my downpayment was 1.1L and for 59months emi is 8825/- and 90% loan was suggested by dealer from ICICI Bank.when i calculates it was 110000+520675(8825emi x 59) = 630675 for a 4.91L car i.e. approx.140000/- extra on my buy..so guys just tell me if i deposite 4.91L in bank will i get 6.3L after 5years and yes this calculation is of 1person so assume 1000s of cars are delievered throughout India everyday.Isnt the rate of interest too very high+the hidden costs and insurance above depriciation every year.
Think about it how much these Banks Leech us.

Ramie

Su-47 · 18th July 2007, 17:01

Quote:

Originally Posted by deepakhon

I have an ICICIdirect, a Demat and an SB account with them. I will look at opportunities to see if I can move the same setup to another bank which offers the same features.

I am also looking for other options!!! Please keep me posted if you find something. I am even ok with a slightly reduced feature set...

Any recommendations, t-bhpians??

tsk1979 · 18th July 2007, 17:22

I use Kotak Demat, and thats just one of the many other options. In todays world you always have a choice.

wolfinstein · 18th July 2007, 17:29

I guess ICICI Banking Services and Direct ( Demat) are still one of the best offerings, However same cannot be said for the Credit Card and Loans & Auto Insurance Services.

lohithrao · 18th July 2007, 17:34

One after another, wht this bank is upto.

I definately wont bank anymore with these guys.

ballkey · 18th July 2007, 17:39

Guys, please read the article and comment - I dont condone the recovery tactics of the Bank, but here it looks like there's a bit more than meets the eye.
There are two vehicles involved, and both have the same registration number...

CrAzY dRiVeR · 18th July 2007, 18:32

Though i haven't started earning or anything, wont even recommend the bank.

Have read too many threads on team-bhp.

rks · 18th July 2007, 19:49

Quote:

Originally Posted by ballkey

Very curious - two Wilsons from the same city buy a Honda scooter each, both take ICICI loans, and they also have the same regn. no!

Naturally the genuine Wilson is from Wilson Garden. He apparently closed his loan in 2005. The fake Wilson might have produced fake papers and fake number plates, taken the loan and then defaulted. Alternatively the Bangalore RTO might have goofed up and allotted the same regn. number for two different vehicles.

rr_zen · 18th July 2007, 20:55

Quote:

Originally Posted by ballkey

What's even more curious is two vehicles were allotted the same regn. no. Is that even possible?

Very curious - two Wilsons from the same city buy a Honda scooter each, both take ICICI loans, and they also have the same regn. no!

I am not surprised as a similar thing happened to me, though not exactly the same. To cut a long story short, I was in the process of re-registering my pondy registered car in chennai in 1999 and had asked for a special number to be assigned (had paid the fees and selected the number). When I get the RC, I was surprised to see a different number and the broker (UNIPRO, in my case) tried to convince me that it was a fancy number I had got by luck now and that it added up to 9. I put my foot down saying I will not accept that and finally after waiting for 10 more days, got my RC yet again with the correct number on it. When I casually asked the broker what would happen to the other number that was assigned to me earlier erroneously, he says that the whole issue would be covered up very easily by the RTO people as it was cakewalk for them. The best part is he was saying this with pride and a beaming smile.

Lord, save India !

rkg · 18th July 2007, 21:30

As usual ICICI does it again.
as i have mentioned in another post in this forum ICICI has no morals/ethics. all it has is greed. it will offer loans to all and sundry without checking properly because it is sure it can recover using goons.

i have a demat with geojit. they are the first to offer net trading in india. it is one of the best.

It is always better to be away from ICICI "I CHEAT INDIAN CUSTOMERS INFINETLY"

18th July 2007, 16:12	#1
WhiteKnight BHPian Join Date: Mar 2006 Location: Bangalore Posts: 998 Thanked: 662 Times View My Garage	ICICI is back- Torments man after goof-up ICICI agents recover a vehicle, only to find out that they picked the wrong one. So, they returned the vehicle and apologized? Wrong! Source: Deccan Herald: Please read the whole article here
	() Thanks

18th July 2007, 16:18	#2
rjstyles69 Senior - BHPian Join Date: Sep 2006 Location: Bengalooru.. Posts: 4,343 Thanked: 842 Times View My Garage	Cheap are the ways of this lousie bank. Wonder why cant the gov' do something about these leeches?
	() Thanks

18th July 2007, 16:19	#3
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,717 Thanked: 22,825 Times View My Garage	I doubt I will take loan from ICICI bank even if they offer it to me at 0% interest.
	() Thanks

18th July 2007, 16:31	#4
deepakhon Senior - BHPian Join Date: Oct 2004 Location: Bangalore Posts: 1,441 Thanked: 65 Times	I read that in today morning's DH edition. Shame on ICICI. They have been consistently harassing customers, even being physical many times. I am really afraid to bank with them. I have an ICICIdirect, a Demat and an SB account with them. I will look at opportunities to see if I can move the same setup to another bank which offers the same features. Till now, I have not had any problems, but looking at how things are going with many people, it might just be a matter of time.
	() Thanks

18th July 2007, 16:45	#5
ballkey BHPian Join Date: Sep 2005 Location: Chennai Posts: 425 Thanked: 35 Times	What's even more curious is two vehicles were allotted the same regn. no. Is that even possible? Very curious - two Wilsons from the same city buy a Honda scooter each, both take ICICI loans, and they also have the same regn. no!
	() Thanks

18th July 2007, 16:52	#6
ramie2400 Senior - BHPian Join Date: Nov 2006 Location: Mumbai Posts: 1,903 Thanked: 66 Times View My Garage	I just enquired about buying a car for me about 4.91L my downpayment was 1.1L and for 59months emi is 8825/- and 90% loan was suggested by dealer from ICICI Bank.when i calculates it was 110000+520675(8825emi x 59) = 630675 for a 4.91L car i.e. approx.140000/- extra on my buy..so guys just tell me if i deposite 4.91L in bank will i get 6.3L after 5years and yes this calculation is of 1person so assume 1000s of cars are delievered throughout India everyday.Isnt the rate of interest too very high+the hidden costs and insurance above depriciation every year. Think about it how much these Banks Leech us. Ramie
	() Thanks

18th July 2007, 17:22	#8
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,717 Thanked: 22,825 Times View My Garage	I use Kotak Demat, and thats just one of the many other options. In todays world you always have a choice.
	() Thanks

18th July 2007, 17:29	#9
wolfinstein BHPian Join Date: Feb 2006 Location: New Delhi Posts: 994 Thanked: 20 Times	I guess ICICI Banking Services and Direct ( Demat) are still one of the best offerings, However same cannot be said for the Credit Card and Loans & Auto Insurance Services.
	() Thanks

18th July 2007, 17:34	#10
lohithrao Senior - BHPian Join Date: Feb 2007 Location: Kudla/Mangaluru Posts: 3,204 Thanked: 225 Times View My Garage	One after another, wht this bank is upto. I definately wont bank anymore with these guys.
	() Thanks

18th July 2007, 17:39	#11
ballkey BHPian Join Date: Sep 2005 Location: Chennai Posts: 425 Thanked: 35 Times	Guys, please read the article and comment - I dont condone the recovery tactics of the Bank, but here it looks like there's a bit more than meets the eye. There are two vehicles involved, and both have the same registration number...
	() Thanks

18th July 2007, 18:32	#12
CrAzY dRiVeR Team-BHP Support Join Date: Jun 2006 Location: Bangalore / TVM Posts: 17,180 Thanked: 73,496 Times View My Garage	Though i haven't started earning or anything, wont even recommend the bank. Have read too many threads on team-bhp.
	() Thanks

18th July 2007, 21:30	#15
rkg Senior - BHPian Join Date: Apr 2005 Location: bangalore Posts: 1,044 Thanked: 594 Times	As usual ICICI does it again. as i have mentioned in another post in this forum ICICI has no morals/ethics. all it has is greed. it will offer loans to all and sundry without checking properly because it is sure it can recover using goons. i have a demat with geojit. they are the first to offer net trading in india. it is one of the best. It is always better to be away from ICICI "I CHEAT INDIAN CUSTOMERS INFINETLY"
	() Thanks