The Other ICICIs If banking is king for ICICI Bank, its insurance, mutual fund, venture capital and investment banking subsidiaries are its crown jewels, commanding leadership positions and mind-boggling valuations.
Business Today, October, 2006 by Anand Adhikari
The swanky glass-and-steel 11-storey ICICI bank Towers located bang in the middle of Mumbai's hottest suburban commercial district, the Bandra-Kurla complex (BKC), is in many ways the most dazzling billboard for ICICI's undisguised ambition and aggression in the marketplace that is retail banking. But not all of the grand designs of India's largest private sector banking conglomerate are being blueprinted in the building with high-speed lifts and floors sprayed with fire retardant. For instance, roughly six kilometres away in central Mumbai is the office of ICICI Lombard, the non-life insurance business of the group. Not too far away, in mills land territory, is tucked away another insurance joint venture-this one for life-ICICI Prudential Life Insurance Company Ltd. Cheek-by-jowl...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
