RBI is the banking regulator and obviously it has a role in development of the banking industry, right? Well, over the last so many years what is the penetration of banking in India? Well about 6-8% of the country’s population has some access to banking. Why we do not have banks with EXCLUSIVE mandate to […]
Akshaya Patra Foundation completed 11 years The Akshaya Patra Foundation completed 11 years of serving mid-day meals to children in government schools, as an implementing partner of the central and state government. 11th November is always a special day for Akshaya Patra, for it was on this day 11 years ago, that the Foundation […]
You walk into a life insurance company and buy a life insurance policy for Rs. 7934/- per annum for a Rs. 1 crore sum assured. The company accepts the cheque and asks you to go for a medical test. What are the scenarios that can happen? Best case scenario, they can say, yes you […]
All the advise that you get must be saying ‘Look you jerk you do not know how to handle your money..give it to a mutual fund, life insurance company, brokerage house…and they will manage it for you’ …correct? Well most of the financial media, the people who write, the people who appear on the […]
After a particular stage in life you get skeptical about what you read. In the financial services industry, reading an article is important, but reading the byline is perhaps more important. Also knowing why he/she is saying and the tone in which they are saying is also very important. I am not even talking about […]
Is there any great logic to real estate prices or is it just the land, builders and the bank mafia that is responsible for keeping the prices high? Well let us look at the irrationality. Ahmedabad offers land, people and electricity (the needs for a BPO) at 50% of the prices in Malad or Goregaon. […]
Many (most) people think that IFA as a community look at the commission and then decide where the funds of a client have to be invested. Not wrong most of us would think this is fair – after all it is in ‘his or her’ self interest that they should act. However many smart agents […]