ICICI Home Loan — Sucking the blood of customer

The ICICI is never going to reduce the loan rates for existing customers. They are the biggest cheat in the country. KV Kamath, the ICICI head and CII president is the number one crook...he speaks in the public that banker should reduce the interest rates, but his bank never reduce rates. There cheap strategy is to give loan at low rates to new cutomers and increase thereafter immediately after some months. They are openly cheating the customers of India. This is really pathetic that both RBI and Govt does not take action against there crook activities. The best think is all the customer of ICICI should protest aginst the bank in the front of RBI building, this will force the RBI to hear the ICICI customer problem and media will also get active. All the ICICI Home Loan Customers should transfer there loans to public sector banks. I know the ICICI create problems if someone tries to transfer there loans to other banks.

Everytime ICICI management says, we are watching the liquidity situation and will review the rates later on and then they never reduce the rates. This is just to divert the attention of the customers and the media. Irony, is that the KV Kamath says different thing and Chanda Kochar says opposite of that. This is because KV Kamath is the head of CII, he always says good thing but never delivers that. Funny part is he is saying banks should reduce rates, but his ICICI is not reducing the rates. I dont understand, why the cost of funds are not coming down for these private banks despite huge Repo Rate and CRR cuts by the RBI. They are just fooling everyone and earning huge interest income by not reducing the interest rates.

ICICI Bank has a track record of attracting customers by all dubious means. Once a Customer is trapped he is trapped for ever. There is nothing Like Customer Service in ICICI bank .

No matter what how many Basis Points the RBI reduces, for ICICI Bank it is always one way the way Upwards - after all they know that a customer trapped once is a customer trapped forever .

Many customer have got trapped and the Management is least bothered to look into the grievances of the customer.

ICICI is the biggest cheater no doubt on it.I took a loan in the year 2007 for my House in Hyderabad Kukatapally area .I approached IDBI they said they wont give loan as it comes under village /the apartment is in 3rd floor the only bank which would give readily is ICICI.I am right now paying 13 percent interest rate .I went to the bank today to reduce the interest rate to 10 percent they are saying to pay Rs 45000.I lost my 3 months back till now not got any success getting one.RBI should stringely monitor the rates what ICICI follows.