Tag: ICICI Bank

  • EarlySalary.com appoints Vimal Saboo as chief business officer

    EarlySalary.com appoints Vimal Saboo as chief business officer

    MUMBAI: EarlySalary.com, a mobile app that gives instant cash has announced the appointment of Vimal Saboo as the company’s Chief Business Officer (CBO). This is a strategic hire as part of the company’s growth plans post the launch in February this year.

    Vimal Saboo is a Chartered Accountant and comes with an experience of 18 years in banking & credit domain. At EarlySalary.com, he will focus in building Credit Risk Profiling System and spearhead Credit Risk, Underwriting & Operations. EarlySalary today boasts of 10 minutes underwriting and is planning to build Real-Time Credit Approval Engines and Loan Approval Systems. His exposure to such business in the past will be a big boost to the business.

    Commenting on the appointment, EarlySalary.com co-founder and CEO Akshay Mehrotra said, “We are thrilled to have Vimal Saboo join the leadership team and look forward to his strategic contribution to our continued transformation of becoming a leading FinTech player in India. He brings with him a legacy of outstanding experience in the finance business that will be instrumental in the growth of our business.”

    “FinTech is on the edge of disrupting the Banking Ecosystem, I am very glad to be part of EarlySalary and believe that Technology will disrupt the way lending business is done in India with the help of usage of various analytical technology e.g. Artificial Intelligence, neural network, etc. In India, these technologies are at a nascent stage but use of such technologies is increasing rampantly. One such distinguished example has been set by EarlySalary.com, by solving the cumbersome process of getting loans from banks. I am excited to join the team and look forward to working with them to help realize the company’s mission of becoming a leading FinTech company in India”, added Saboo.

    Prior to joining EarlySalary.com, Saboo was associated with Edelweiss group as the senior vice president, Axis Bank as the vice president and head-analytics, ICICI Bank as the chief manager, and L&T-John Deere Ltd. With Axis Bank, he was liable for entire credit decisioning, formulating policies relating to credit card sourcing, authorization center and analytics function for the cards team. While at ICICI Bank, he was exposed to all functions of credit card operations.

  • Pyaar ka Panchnama’s Luv Ranjan & Ankur Garg to launch digital sitcom ‘Life Sahi Hai’

    Pyaar ka Panchnama’s Luv Ranjan & Ankur Garg to launch digital sitcom ‘Life Sahi Hai’

    MUMBAI: Luv Films, a venture from the writer and director of Pyaar Ka Punchnama, Luv Ranjan, is all geared to enter the digital space with its sitcom Life Sahi Hai. Starting 24 May, the first episode of the series has already been shot, while the trailer will roll-out the first look of the show on 18 May.

    Produced by Ranjan and partner and producer Ankur Garg under their company Luv Films and created by Tarun Jain, co-writer of Pyaar Ka Punchnama 2, the 12 episodic and 20 minute long series will feature multiple directors during the entire season’ tenure. The company has struck cash plus media deals with three sponsors. While Himalaya Herbals Men is the powered by sponsor, Mahindra Gusto 125 is  the associate sponsor.

    “The viewers will see the brands being seamlessly integrated in our series. Life Sahi Hai shows friendship amongst guys and is on a similar zone to my movie. As a company producing and distributing youthful and quality content, we’re thrilled to see our story come alive on the no holds barred online medium”, notes Garg.

    He further adds, “Digital gives us the liberty to broadcast content without any constraints. We will mostly likely launch one episode per week There has been an immense boom in the online space in recent times and going by the opportunities that this medium offers, we are certain about achieving scale and building a brand from Life Sahi Hai”.

    Completely shot in HD quality, the series is about four boys in their early 20’s, who come from different parts of India to live together independently for the first time, in Delhi, right after college. Coming from diverse backgrounds and having lived very different lives, the guys don’t immediately get along with each other. But feeding off each other’s strengths for help in professional as well as personal problems, they soon become buddies. Actors Tarun Jain, Suhail Nayyar, Abhishek Saha and Siddhant Chaturvedi will be seen essaying the characters of the four boys.

    A source close to the development reveals that the production cost for one episode will approximately be Rs 22 lakh to 24 lakh.

  • Pyaar ka Panchnama’s Luv Ranjan & Ankur Garg to launch digital sitcom ‘Life Sahi Hai’

    Pyaar ka Panchnama’s Luv Ranjan & Ankur Garg to launch digital sitcom ‘Life Sahi Hai’

    MUMBAI: Luv Films, a venture from the writer and director of Pyaar Ka Punchnama, Luv Ranjan, is all geared to enter the digital space with its sitcom Life Sahi Hai. Starting 24 May, the first episode of the series has already been shot, while the trailer will roll-out the first look of the show on 18 May.

    Produced by Ranjan and partner and producer Ankur Garg under their company Luv Films and created by Tarun Jain, co-writer of Pyaar Ka Punchnama 2, the 12 episodic and 20 minute long series will feature multiple directors during the entire season’ tenure. The company has struck cash plus media deals with three sponsors. While Himalaya Herbals Men is the powered by sponsor, Mahindra Gusto 125 is  the associate sponsor.

    “The viewers will see the brands being seamlessly integrated in our series. Life Sahi Hai shows friendship amongst guys and is on a similar zone to my movie. As a company producing and distributing youthful and quality content, we’re thrilled to see our story come alive on the no holds barred online medium”, notes Garg.

    He further adds, “Digital gives us the liberty to broadcast content without any constraints. We will mostly likely launch one episode per week There has been an immense boom in the online space in recent times and going by the opportunities that this medium offers, we are certain about achieving scale and building a brand from Life Sahi Hai”.

    Completely shot in HD quality, the series is about four boys in their early 20’s, who come from different parts of India to live together independently for the first time, in Delhi, right after college. Coming from diverse backgrounds and having lived very different lives, the guys don’t immediately get along with each other. But feeding off each other’s strengths for help in professional as well as personal problems, they soon become buddies. Actors Tarun Jain, Suhail Nayyar, Abhishek Saha and Siddhant Chaturvedi will be seen essaying the characters of the four boys.

    A source close to the development reveals that the production cost for one episode will approximately be Rs 22 lakh to 24 lakh.

  • DTH payment system provider BuySmart completes a Decade

    DTH payment system provider BuySmart completes a Decade

    MUMBAI: Starting their operations in 2005, the Indo-Israeli company began with Tata Sky, Videocon D2H and Sun DTH as their earliest clients and taking their service offering across India through an electronic distribution system. Over the next few years, the company strengthened its digital distribution on a pan India presence and also built a payment super highway with a scalable and robust technology that supports their B2B2C business model.

     

    EPRS BuySmart has, since then, expanded into offering a basket of products through their strong network of more 2.5 lakh retail outlets in more than 35,000 towns in India. As their technology works in the absence of strong Internet infrastructure also, the company has been able to reach Tier III/IV towns and villages in India, and currently, the company counts more than 300,000+ transactions/day on their platform. With the earlier focus on telecom & DTH, the company has now expanded into financial, logistics, utility payment and e-commerce segments of business with association with Tata Sky, Airtel, ICICI Bank, RBL, Dish TV, and Reliance BIG TV to name a few.

     

    Speaking on the occasion of the company’s 10th anniversary, Himanshoo Patil, Chief Executive Officer, EPRS-BuySmart, said, “EPRS-BuySmart was established with a view of revolutionizing the digital distribution and payment industry and help service providers reach out to all corners of the country and enable SMEs/entrepreneurs to offers consumer services at their retail points. I am glad that in these 10 years we have been able to come up as the catalyst of growth, prosperity and empowerment for the bottom of the pyramid population as well for the small business owners. It is encouraging to see that what EPRS-BuySmart is doing is in line with the current agenda of our nation’s leadership. We look forward to taking this forward in building a stronger brand over the next decade!”

     

    The company’s proposition to enable product sales on demand, at 2.5 lakh retail points across the nation is unique and unmatched, thus allowing the manufacturers and brands to save 20% on their cost in reaching out to end customers in a quick, economical and effective way.

     

    Services based on cutting-edge technology have helped create opportunities and employment for retailers at the bottom of the pyramid while exposing Indians at every corner of the country to mainstream services and products. EPRS BuySmart looks to further its vision by investing in their technology to offer a larger bouquet of products in the future.

  • You’ve got trolled: Brands wars unleash on Twitter

    You’ve got trolled: Brands wars unleash on Twitter

    MUMBAI: With the social media explosion, everyone has access to everyone today and freedom of speech has taken on a completely different meaning. Not so long ago, there was no way you and I could tell an Amitabh Bachchan or a Shah Rukh Khan what we thought of their performance in a particular movie. Today, each one of us is a self-proclaimed critic thanks to social media.

    While we’ve witnessed squabbles galore on social media… some big, some small… between celebrities or politicians, now even brands have taken to this medium to poke fun at rivals.

    Surely gone are the days when brand wars happened on television. Twitter has now become the new battlefield for interesting and hilarious episodes of mudslinging between brands.

    Trolling amongst brands is unique and hadn’t been witnessed much in India until recently. Such banter is open in markets like the US and the UK where TV ads show competition brands and demean them or for that matter verbal war on Twitter or on social media. However, the Indian market is slowly warming up to Twitter wars.

    Here’s a look at how some giants picked on and trolled their competitors on Twitter:

    Amazon vs. Zomato

    In April this year Amazon sarcastically picked on Zomato saying, “Zomato loved all the logos you used in the last 6 months. Was #AurDikhao the brief to your designer? :)”

    To which Zomato wittily replied “@amazonIN you should’ve seen the ones that didn’t make the cut ;)” Attached with the tweet was a mock Zomato logo with an arrow pointing from Z to A, clearly mimicking the arrow from A to Z that features in the Amazon logo.

    What’s more other brands like Flatchat and Urban Ladder too joined in it banter, which made for some witty and cheeky reading.

    The repartee between Amazon and Zomato also led to a lot of Twitter interactions among fans and followers of both the brands.

    Snapdeal vs. Flipkart

    India’s e-commerce giants, Snapdeal and Flipkart have also entered into a war of words on Twitter. Following Snapdeal founder Rohit Bansal’s interview with a US publication, the war broke open on Twitter about the talent India has and doesn’t.

    It all began with Rohit, who said that India didn’t have the programmers it needed. To this, Flipkart’s Sachin Bansal reacted by tweeting, “Don’t blame India for your failure to hire great engineers. They join for culture and challenge.”

    The statement was indeed misunderstood by Flipkart. Rohit clarified the attack in a blog post last week where he said that he had been quoted out of context. He clarified that while India has “some of the smartest engineers on the planet,” building large technology product firms is a more recent phenomenon.

    He said Snapdeal would continue to hire technology talent locally and bring on board “some select folks from around the world who have had the experience of building technology at scale.”

    He signed off saying, “An Indian engineer who’s trying to make the country a better place with a rock star team.”

    Asus vs. Apple

    In case you thought that only BlackBerry picked on Apple, think again! This time it’s Asus and how? In an attempt to mock Apple (which is really lame), Asus has picked on Apple’s Mac Book by sticking two pen drives in a real apple.

    Apple’s recently launched new Mac Book has only one USB port, which has restricted users. Asus is trying to strike at the Mac Book’s armour by giving consumer a host of ports ranging from a microphone-in jack to three USB 3.0 ports to card readers in its recently launched Zen book UX305.

    Kotak vs. ICICI Bank

    Not all brands appreciate that competition is healthy. In February this year, Kotak and ICICI Bank picked on each other on Twitter. Kotak Mahindra Bank started the Kotak Jifi saver campaign #hashtagbanking in February. Soon after the launch of the social media banking service, ICICI Bank came up with their #icicibankpay on Twitter.

    Gone are the days when brands used to pick on each other with their television commercials. In modern times like today, Twitter seems to be the platform for brands that are open about criticizing and also appreciating sarcasm. In the end, it all boils down to being a sport and taking bouquets and brickbats from competitors with a pinch of salt and dollops of humour.

    Speaking to Indiantelevision.com about brand wars on Twitter, Ogilvy and Mather executive creative officer Sumanto Chattopadhyay says, “It’s interesting how brands engage in the war of words with each other on social media. In the US it is a common thing as brands openly criticize other brands in their TVCs and otherwise. India is slowly going that way. As a consumer, it is interesting as we enjoy how brands have silly wars. Not only that, Twitter is a medium that is more public and hence gets noticed a lot more than any other media, so it might be to grab more eyeballs as well.”

    An industry veteran tells us on condition of anonymity that it depends on the aggression of the brand as to where to take the war. “Yes, probably Twitter is the new war place,” she adds.

    Opining on the same, Leo Burnett chief creative officer Rajdeepak Das says, “It’s fun to see brands pick on each other in a very healthy manner on Twitter. Earlier it used to happen on television and due to restrictions of the medium, it is now happening on social media.”

    Das further says that because Twitter is a public platform, a large number of engagements happen. Additionally, the medium doesn’t have restrictions. Hence it is fun to see brands pick on each other. Another point is that both brands understand the sarcasm and take it sportingly.

    Shop CJ marketing head Donald Kwag said that with “Twitter wars” breaking out left, right and centre, it’s hard to ignore the growing trend – and lately, more and more brands are joining in on the fun. “Given the time and effort dedicated to defining a brand’s social tone of voice, it makes sense for marketers to use that voice effectively – and one way to do this is to make the most of opportunities to engage other brands across social communities. By capitalizing on borrowed equity – when appropriate – brands will be able to showcase an authentic, playful side and, by doing so, reach entirely new audiences online,” Kwag says.

    There’s a thin line between healthy banter and below the belt slugging. When it comes to brands, reputation, values and perception matters more than anything especially when battle lines are drawn publicly on a free-to-all platform.

    In the end, there’s no love lost as long as they can get away by simply saying, “No hard feelings bro.”

  • 9 baj gaye kya? – ICICI Bank gets Big B to endorse it all through the hour-long KBC

    9 baj gaye kya? – ICICI Bank gets Big B to endorse it all through the hour-long KBC

    Big ideas seen on television in the recent and not so recent past have been the positioning of ICICI Bank in Kaun Banega Crorepati (KBC).

    There were cheques to be signed by one bank or the other and ICICI, perhaps, found the right opportunity at the right time. End result: you have a never before one of its kind leverage that draws the maximum attention subtly without being in your face. That’s a big idea and as bright as it gets.

    The bank enjoyed a never before leverage every time Bachchan fished out a cheque to sign it and then hand it over to the eager KBC participant. Your brand name and logo on clear display all through while you get none other than Amitabh Bachchan to put his graphologically perfect signature in the viewers’ full and unhindered view!

    Perhaps, Bachchan signing the same cheque in a regular TVC would not have carried the same subconscious effect that it did in KBC.

  • Women bankers lead India in Fortune list

    Women bankers lead India in Fortune list

    MUMBAI: Eight Indian women have made it to the Fortune list of 25 most powerful women ‘shaping the new world order’ in the Asia-Pacific region.

     

    ICICI Bank CEO Chanda Kochhar has been ranked second across the region while SBI’s Arundhati Bhattacharya, HPCL’s Nishi Vasudeva, and Axis Bank’s Shikha Sharma have also made it to the top-10 earning fourth, fifth and tenth rankings respectively. The list is topped by Australian banking major Westpac’s chief Gail Kelly.

     

    Releasing the latest rankings, the Fortune magazine said that women around the world are continuing to win the top jobs, so much so that more than a third of the women on this Asia-Pacific list are making their debut in the coveted list, including two from India.

     

    The two Indian new entrants are Bhattacharya and Vasudeva.

     

    Bhattacharya is the first woman to hold the ‘three-year post at the country’s largest bank and oversees a 208-year-old institution with $400 billion in assets and 218,000 employees dispersed among 16,000 branches across India’.

     

    On the other hand, Vasudeva, became the first woman to head an Indian oil company and is ‘and one of only four women to helm a Global Fortune 500 firm in the Asia-Pacific region’.

     

    Other Indians on the top-25 list include Biocon chief Kiran Mazumdar-Shaw (19), National Stock Exchange CEO Chitra Ramkrishna (22), HSBC’s Naina Lal Kidwai (23) and TAFE chairman and CEO Mallika Srinivasan (25).

     

    Meanwhile, Indra Nooyi, PepsiCo’s India-born CEO, has been ranked third among the world’s most powerful business women by Fortune. She is only Indian-origin woman on this year’s global list, which has been topped by IBM chairman and CEO Ginni Rometty and General Motors CEO Mary Barra.

  • ET Now completes 5 years of covering business news

    ET Now completes 5 years of covering business news

    MUMBAI: ET Now has completed five years of broadcasting business news today. The channel has been known for its comprehensive coverage and analysis of markets, business and economy. On the occasion, the channel has come up with a theme titled ‘Five years of Excellence.’

     

    Being a business News channel, some of India’s corporate giants congratulated ET Now for its superior, unbiased and independent coverage.

     

    ICICI Bank chairman K.V Kamath complimented saying, “‘ET Now is not only the default channel but also the go-to channel, when you know something is happening out there and you want to get a grip of it.”

     

    Infosys chairman NR Narayana Murthy added, “Congratulations to ET Now for completing five wonderful years. The channel has scaled up using innovation, hard work and some extraordinary ideas. It has reporters who are enthusiastic, energetic, hungry, inquisitive and very persuasive. Its anchors ask deep, proactive questions and bring out the best in the interviews.”

     

    Bharti enterprises chairman Sunil Mittal too added his good wishes for the channel. “I compliment team ET Now for having built a fine business channel in a very short span of time. I turn to the channel for getting updated about the economy and corporate India.  ET Now can be relied upon for getting news which can be verified by various stakeholders and that makes the channel unique.”

     

     Joining him in wishing the channel was Mahindra and Mahindra chairman and MD Anand Mahindra. “Congratulations and best wishes to ET Now on its fifth anniversary. In an increasingly cluttered media landscape, ET Now stands apart for its insight, initiative and integrity while covering Indian business and the economy. With the country poised yet again at a crossroad, I look forward to watching ET Now as it unveils the next chapter in the story of a nation on the move,” he concluded.  

     

    To drive consumer engagement, the channel had arranged a contest titled ‘You Wish. You Win’ that invited the viewers to share their messages on Facebook, Twitter and Google + using #FiveYearsOfExcellence. The best entries received till 17 June were entitled to win some cool gifts.

  • ICICI Bank launches redesigned website to enhance customer experience

    ICICI Bank launches redesigned website to enhance customer experience

    MUMBAI: ICICI Bank, India’s largest private sector bank, today announced the launch of its redesigned website to offer its customers an enhanced experience across devices such as desktops, mobiles and tablets. Users of the website can now receive location specific information and offers, view their friends’ activities, rate and review products, share their opinions on social media and take part in interactive games to enhance their knowledge about banking. The new design offers a seamless experience by auto adjustment of layout to match the user’s screen size and platform.

     

    Commenting on the launch, ICICI Bank Executive Director Rajiv Sabharwal, said: “Digital channels today account for a large part of our customer transactions. We have taken a decision to launch a new look website, which will offer our customers a unique, unparalleled experience of interacting with the Bank and help us understand their needs better, so that we can continue to provide them a world class banking experience.” 

     

    Some of the key highlights of the website are:

     

    Socially integrated: Through the ‘F-connect’ utility by Facebook, users will be able to view a dashboard where they can track their friends’ activities on the website. For instance, one will be able to see how his friend has reviewed/rated a specific product or service by the Bank. Users can also share or like a wide range of offers and discounts in the ‘Offer zone’ on social media

     

    Customised: The website understands the need of a user and tries to display content based on the user’s behavior on the site. Certain features like banners and customer care numbers are targeted and set according to a user’s location.

     

    Banking made fun: On the gaming portal on the website, anybody can play games, learn banking and earn points to be on top of the leaderboard. All games hosted are device friendly and responsive

     

    Better visual experience: Bigger banner placements across the website including product pages, which enhance visual appeal and make information consumption easier

     

    Logical and predictive search: Ability to search long phrases and auto completion of keywords

     

    Responsive: Imagery led, clean look and feel with easy reading across a wide range of devices. Navigation has been simplified to incorporate larger icons and suitable for touch screen devices.

     

    This initiative underscores the Bank’s ongoing strategy to integrate social media linkages with banking, which it forayed into last year with the launch of the world’s most comprehensive banking application on Facebook; ‘Pockets by ICICI Bank’, allowing customers to carry out a range of financial and non-financial transactions on the social media platform.

     

    The Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call center, internet banking , mobile banking and social media banking.

  • Anand Mahindra is Forbes India Entrepreneur for the Year 2013

    Anand Mahindra is Forbes India Entrepreneur for the Year 2013

    MUMBAI: Forbes India has been a champion of entrepreneurial capitalism, in line with the Forbes DNA defined almost a century ago in the US.

     

    It shares the vision that over the next 10 years, India will have a never-before chance to create an entrepreneurial renaissance. It believes in the spirit of fair play. It believes that entrepreneurs need to follow the rules. And this is recognised through Forbes India Leadership Awards wherein outstanding leaders are appreciated every year.

     

    This year, the entrepreneur of the year went to Mahindra & Mahindra chairman and managing director Anand Mahindra, who was chosen for the high honour for growing his group more than 10-fold in 10 years in several continents.

     

    The long-list of nominees for each category was prepared by June and was judged by jury headed by ICICI Bank non-executive chairman KV Kamath. McKinsey & Co India chairman Adil Zainulbhai, Blackstone Advisors India chairman Akhil Gupta, Indian School of Business Dean Ajit Rangnekar, AZB Partners senior partner Zia Modi, and founder and group editor of Network18 Raghav Bahl brought in years of experience to the jury.

     

    KPMG was the knowledge partners for the event, which helped with the number crunching essential for the process.

     

    The following are the Forbes India winners for 2013:

     

    1)Start Up for the Year

     

    Phanindra Sama  – redBus

     

    2)Nextgen Entrepreneur for the Year

     

    Tarang Jain – Varroc Engineering

     

    3)Entrepreneur with Social Impact

     

    Ranjan Sharma – IKSL

     

    4)Conscious Capitalist Company for the year

     

    HUL

     

    5)Best CEO – Multinational Company

     

    Francisco D’souza – Cognizant Technology Solutions Corp

     

    6)Best CEO – Public Sector

     

    Rakesh Tandon – IRCTC

     

    7)Best CEO – Private Sector

     

    Chanda Kochhar – ICICI Bank

     

    8)Woman Leader for the Year

     

    Chitra Ramkrishna – NSE

     

    9) Lifetime Achievement Award for the Year

     

    Brijmohan Lall Munjal – Hero MotoCorp

     

    10)Entrepreneur for the Year

    Anand Mahindra  – Mahindra & Mahindra