Awesome news item saying that IRDA is cleaning up. Great. The way the financial services sector is structured, it should not be difficult to do it. There is only one downside. 38 mutual funds and 16 life insurance companies will close down. So the media being supported by them will shut down. No more sponsors, […]
A few days ago one of the persons I know called to say: “Do you know that 5 CEOs have resigned in the last month in the financial services industry!”. I said hmmmmm and did you know AT LEAST 5 financial services companies are in the market trying to ‘sell’ from one owner to another? […]
I have said this in the past too….and saying it again… “I have NO clue about what attracts big companies to the financial services sector” – repeat a zillion times. None of the so called ‘big groups’ have ever done well in financial services. Whether it is the Tatas, Birlas, Sundaram,….really only Hdfc as […]
On the one hand I keep cribbing about the high cost of financial services, on the other hand I meet kids, young people and people over 45 who are constantly being sacked. The sackings have not been done nicely too. It is much easier for the top management to sack ‘200 Feet on the Street’ […]
There are many stories that I have posted over the past 3 years. Alexander the Great…lessons The Yale Goal setting experiment The California story of the death of a scuba driver in a forest fire Arthur Ashe’s attitude Frankly I have not done enough research to see whether these stories are true or false. Neither […]
So today the market went up by 400 points – many financial services companies went up by a huge number. Hdfc which was Rs. 3000 pre-split opened at Rs. 610…now it is at Rs. 655. So as is wont….you ask…and they say ‘The financial services industry is booming’. If you have been in the industry […]
One hears that there are upwards of 3 million IFAs selling some financial product or the other. My take on this is – not more than 10,000 are in it by choice. Most of them would happily take up a job in the financial services sector. Some of them will not get a job because […]