Comments on Unfair Value: ICICI Bank's profit shoots up by 21%.. Wow!!

Hi Kamlesh, I am a fan of all your postings and I...

2010-02-24T07:23:55.376-08:00

Hi Kamlesh,

I am a fan of all your postings and I really miss your posts for a very long time. Do you have any idea to post anything new. Its been almost 6 months since your last posted. Looking forward for new posts.

Regards
Ravi

In reply to comment from light: The Bank has not r...

2009-08-04T21:35:04.441-07:00

In reply to comment from light: The Bank has not reported incorrect numbers. They have given incorrect interpretation of reported numbers. The results are unaudited when they are reported and the results have to be audited by auditors(not by RBI) at a later date. Companies have a free hand to interpret the results in the way they want. That's why most companies have a press release associated with the results and the interpretations are incorrect more often than not.

My advise is simple..don't rely exclusively on ready-to-eat products served on your plate. Cook your own food..Add a pinch of salt..Rip the flesh...Chew it well before you gulp it down.

As usual, a good article to enlighten the average ...

2009-07-31T00:27:35.803-07:00

As usual, a good article to enlighten the average investor who goes by headlines. Looking forward to more such surgeries!
With such a legacy, ICICI should concentrate on cleaning up the mess. Instead, they are suing an executive of another bank who said that he doesnt recruit people who are from ICICI because he doesn't like the "ICICI" culture.

don't bank results have to be audited and past...

2009-07-28T23:35:43.817-07:00

don't bank results have to be audited and past through the RBI before sign off ?

Actually despite the hogwash there's an import...

2009-07-26T23:46:40.535-07:00

Actually despite the hogwash there's an important mental model at work here and its the one called 'Framing'.

You can frame anything and any one actually if you have the skill for and in offices which have public interest attached to them i.e large corporates, public companies, governments etc. they will always this tool of 'framing' at their disposal and they will not shy away from using it! So its not an ostrich approach actually but its what i called 'communication management' and you will see it abundantly during the earnings season!

Needless to say its a commendable post! Keep 'em coming.

Insightful .. this is a concrete example of "...

2009-07-26T10:59:47.073-07:00

Insightful .. this is a concrete example of "polishing" and "re-packaging" the numbers to create a feel-good... thanks Kamlesh for the good work