The best thing that life insurance business has done in India is it has eliminated mis-selling in mutual funds! How is this possible? Simple the rewards for mis-selling in life insurance plans is far, far greater than mis-selling in mutual funds, so many of the players have shifted games. That brings us to the question [...]
To win the elections, we will go to any length. Since we do not have anybody auditing our books, we will cook, lie and cheat, so is the Congress slogan. To help Chidambaram say he has controlled the “inflation” at 4% per annum he holds the price of petrol and diesel at $ 50 a [...]
Many people have asked me this question based on my advice not to borrow! Well I am not against borrowing at all! After all I hold shares in India’s biggest mortgage company, and some banks. So please go ahead and borrow, I have to get my dividends, do I not? However, on a serious note, [...]
Nasscom Leadership Summit has always been a place for good story-telling and provocative thoughts. This year, the spark came not from a software veteran or a BPO moghul, but a captain of an old economy industry. Anand Mahindra, vice chairman and managing director of Mahindra & Mahindra drew from mythology to call for game-changing innovation [...]
It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about it, you will do things differently. This is what Warren Buffet has to say about reputation risk. Frankly this is perhaps the most ignored aspect today in financial product sales. Most people who are looking to selling [...]
Imagine a pyt comes to you and is selling you a complex currency and interest rate derivative. Your Director Finance and CFO do not understand the product after 3 rounds of explaining. So the pyt goes to a rating agency and gets a certificate saying this product is “Category B”. Now the ego of the [...]