Expense Account, Mint Though I knew the extent of angst against banks as serial mis-sellers of financial products, I was a little surprised at the huge reach-out from readers after the column last week where I wrote about systematic cheating by banks (http://bit.ly/iffYbq) to collect fees and commissions on retail financial products. Apart from sharing...
Expense Account, Mint I wonder why the Reserve Bank of India (RBI) has got its head buried in sand over the extent of lies that bankers tell their customers in their attempt to hit them with inappropriate financial products to earn their bonuses and meet their targets. And I wonder how banks can calmly tell...
Expense Account, Mint For an industry waiting with bated breath for the new regulator to indicate which way the wind will blow, the two-page circular uploaded on the Securities and Exchange Board of India (Sebi) website on 9 March 2011 (http://bit.ly/fMcM0o) quickly became the most emailed and forwarded document. Through the circular, Sebi has allowed...