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Guest praised ICICI Bank for forgoing about 5,000 crore rupees in insurance commission income by not pushing its own insurance products
- Forgone insurance commission income
- 5,000 crore rupees
Heard on business television between 09:28:44 - 09:31:44 IST.
- Guest said ICICI Bank is an exception among private banks as it does not sell its own insurance products aggressively, forgoing roughly 5,000 crore rupees in commission income.
- Said ICICI Bank's CEO told him 'what is not good for the customers, not good for the bank.'
- Guest praised the management for prioritizing customers over shareholders, calling it unusual in a capitalist setup.
- Said he had discussed this extensively with the bank's management.
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Source: Live TV News Channel · 12 Oct 2026
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