When the finance minister says something, you listen. Especially if you are a PSU bank – and even if you are the biggest. The PM/ FM combine know that elections are coming, so they should look good. How can you look good? By reducing the prices of petrol, and makaan. However as the government does […]
Here is a book review for this great book….and this appeared in BSENSEX – BSE-SENSEX – it is a magazine which goes to the CEOs of companies listed on the BSE and to all its members. The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash” by Charles R. Morris One of […]
I hope you are not looking for the ‘mea culpa’ message of Raju…of Satyam…this is different! I recently met the MD of a financial services company – obviously I am not naming him/her. It also does not matter whether it is a brokerage house, mutual fund, life insurance company, bank or a distribution house. So […]
We are in a mood of extreme pessimism. So now to talk about “irrational exuberance” may be a little out of place. By the way if you are new to the finance business, you may not have heard of Alan Greenspan or of “irrational exuberance”. Of course Alan can now be said to be of […]
I have a friend who has worked in a bank for many years – from a rookie sales person to almost the top job in sales and marketing. She has (to me surprisingly) acquired a lot of knowledge about banking, mutual fund and life insurance. Not knowing much of her background (she now works for […]
this article on budgeting appeared in www.moneycontrol.com long back. INCOME: Rs 100, expenses Rs 99, life is fine. Income: Rs 99, expenses Rs 100, life is in despair. (Due apologies to Charles Dickens!) There used to be a time when it was advisable to have regular health checkups when you 45. Now, it’s closer to […]
A slightly different version of this appeared in money control – Wealth section. The current generation of clients whom I meet is inheriting nice big round amounts of money. However since their own salaries are far, far higher than their parents, the amounts do not look big. Also, making a `Will` seems to be a […]