ICICI Bank to promote local Masterminds

ICICI Bank, India’s second largest bank, announced a tie up with the Lions Club of Moratuwa Ratmalana whereby ICICI Bank would be the main sponsor of Sri Lankan Masterminds, an annual quiz programme which has been organised by the Lions Club of Moratuwa Ratmalana since 1993.

Club President, Lion Charuka Perera, said that last year the quiz had attracted a total of 47 teams. “This year with the backing of ICICI Bank we are confident of attracting at least 60 teams to participate in this event”.

The Quiz is open to four categories, namely the Mercantile and Public sectors, Schools and Educational institutions, the Banking and Financial sectors, as well as individual groups of people. Each team has to comprise eight members and the event will be held on 8th October at Waters Edge.

Senior Vice President and Head of Retail Liabilities, ICICI Bank, Sachin Sikka said that the ICICI Group as of 30 June 2007 had an asset base of US $88 billion, a market capitalisation of US $ 20 billion, a Retail customer base of over 24 million, had a leadership position in consumer credit and was ranked number 1 in India for syndicated loans.

“Therefore we feel that by sponsoring an event such as Sri Lankan Masterminds, we are not only helping to foster and promote local talent, but are also underlining the fact that ICICI Bank is a leader in its field, one that believes in and is committed to professional upliftment,” he added.

Explaining the workings of the Quiz, Lion Perera said that there would be 5 rounds of 10 questions each, with each team being given 30 seconds in which to answer a given question.

“The winning team would be awarded a prize of Rs 60,000, the first runners up Rs 32,000, the second runners up Rs 24,000, the third runners up Rs 16,000, while each category winner will be presented with Rs 10,000”.