Subra, my money is safe, I bank with a mnc bank.
They have fantastic internal systems, audit, well paid and well trained people to look after my money.
They have a fantastic …….
And I have dealt with banks, insurance companies, mutual funds, IFAs, ….and I know this is a wishful statement, not true.
There can be no law against greed. When a guy cheats small time :
a) client may not be able to find out about it
b) the bank may confuse the client so bad that he may not go back for an explanation – shrug and go along types
c) the bank may quietly accept and pay up the losses – the bad publicity hurts
…..surely the bank has many things up it sleeve..
However sometimes the shit hits the roof. Then the bank has to act. Sack some ‘bakra’ – rarely does the HEAD’s head roll!
Read on…it is scary!
Post Footer automatically generated by Add Post Footer Plugin for wordpress.