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.
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
