I had done a post long long ago about needing various types of banks….let me enumerate…. 1. Banks which will cater EXCLUSIVELY to the lowest strata of society: catering to the urban poor and should be staffed by very normal kids and adults living in small houses. 2. Banks which will cater to the senior […]
Dear Sir, If you publish this in your blog, please remove loan account number and service request number. I had taken a home loan from ICICI during 2002 (account no. removed) The last EMI was paid in Jan, 2014. However, when I went to the branch to collect the original property documents, it was found […]
This is an awesome Bank-Customer Relationship story… A client of a bank had about Rs. 7-8 lakhs in the savings account. The Relationship manager moved it into a mix of mutual funds – equity about Rs. 1L and debt funds about Rs. 7Lakhs. After sometime this man wanted to buy a car and also needed […]
Yes you read it right. This is a great time to be in the BFSI space – Banking & Financial Services Industry. Yes I know you are going through a tough time. Clients are not buying ULIPs , not even mutual funds, most people above the poverty line have 5 credit cards….. Why am I […]
In the battle between IFAs and Banks, it is the banks who win hands down most of the time. Why does this happen? Some of my observations: 1. Clients love activity, and banks can provide that: Most clients like to do something on a regular basis – but may not be too keen to do […]
Let us take a real life case and see what is to be done when you have a lump-sum amount. Should you repay the loan amount or should you Invest that money? The sad part is YOU need to take a decision TODAY and you will be judged (you may be the judge) after 5, […]
I have never been able to say what is a fee that a planner should charge? there are people who should be charged Rs. 10,000 a year and some people who should be charged Rs. 10,00,000. This should NOT depend on the time spent, it should be based on: a. have i been able to […]