In a landmark judgement, the Allahabad High Court has asked SBI Life Insurance to return Rs 50,000 to 72-year-old Virendra Pal Kapoor. Kapoor had filed a case in the court after he found that his initial investment of Rs 50,000 had reduced to just Rs 248 in five years. Kapoor retired as a scientist of […]
Demonetisation has a lot of impact on the markets. Equity markets and debt markets. Let me think what will happen in the debt market…MY VIEWS…NOT A TIP…CONSULT AN INVESTMENT PROFESSIONAL BEFORE YOU ACT. I AM NOT SOLICITING BUSINESS…AND FRANKLY DO NOT CARE WHETHER YOU BUY, SELL, GO SHORT, GO AND DO A LEVERAGED BUY, BET […]
I keep doing this – keep asking the financial services industry the need for such a big variety of products while the customer needs only a few. Of course I do not get a satisfactory answer except that “Financial products are not bought, but have to be sold – and that has to be incentivised. […]
http://nblo.gs/ZhbWj here is an article by Balakrishnan….about PSU banks ..must read. The Regulator has such amazing protection schemes for the banks..that you will not even believe it. Hospitals are treated as REAL ESTATE business and hence charged 14.5% interest rate per annum. Now the same thing is applied to somebody trying to run an Geriatric […]
We still do not know what happened at the banking conclave…or the ‘Gyaan Sangam. Hopefully some manthan must have happened and some amrut may have flown… What he spoke at the Icici function was 1. use cashless transactions – that will reduce black money. Fantastic. Since Na Mo cannot bring back that small amount lying […]
Most people who have no borrowings (visibly) think they do not pay any interest as an expense. Well, they may not be paying interest knowingly, but there could be other forms of interest. What if you are paying rent? What about a car taken on hire? So if you have your own house, own car, […]
“ICICI Bank Mr.P ………Branch, Regret to state that I am totally disappointed withe the level of service for the past few months. I had requested for opening of a new DEMAT in my single name . On 30th Jan 2014, I had paid Rs X and signed all documents as were required by you. When […]