When I say banking, I mean banking, broking, mutual funds, insurance, software companies in the BFSI space. So let us revisit the laws: 1. Golden Rule of Life: He who has the gold makes the rules. If your name is Diamond, even better. 2. Salaries are NOT decided by demand and supply: It is […]
Well, one equities dealer was caught with his hand in the till….he is said to have benefited by Rs. 2 crores. Hdfc Trustee company has been fined Rs. 55 lakhs. The structure of an amc is such that the Trustees are responsible to certify that the internal processes are fine and working. Obviously it was […]
About 4 years ago I was offerred the job of an Internal Auditor in a leading life insurance company. I did not seriously consider that option because I realised that the role would be that of a faithful dog. You had to stand in front of the Board and say things are just fine. It […]
This is actually very personal! First of all the Satyam episode is shocking. NO doubt about it. However, if you have dealt with corporate India, when I say shocking, I only mean the size. NOt the modus operandi. Many, many corporates have done it in the past. Lets go back to the start of Satyam. […]