When it comes to building relationships, the financial community can learn a lesson or two from ICICI.
The term lending institution, which plans to become a bank by the end of the current fiscal, invited chairmen of a host of banks for a day-long seminar in Jaipur over last weekend.
The agenda for the conclave was exchange of ideas but the underlying theme was to build rapport with the bank heads.
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After all, ICICI needs to raise a huge liability and buy Rs 18,000 crore worth of government securities over the next few months as part of its SLR provisioning, once it becomes a bank.
Its plan to swap its corporate assets with other banks