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Nagesh Kini

Garnering money has never been easy as regulators are still in slumber!

Garnering money has never been easy as regulators are still in slumber!

Nagesh Kini | 20/5/2013 @ 12:01pm | 624 views

Do not ask the investors’ for PAN number, address proof or for any KYC. Just promise huge returns in few months and give 35-40% commission to agents and voila! You can garner any amount of money from people, both educated or uneducated living in urban and rural areas. And don’t worry about the regulators. They would be the last one to know about your fortune

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In India, we are plagued with a multiplicity of authorities and shadow boxing of regulators in the financial arena. There is an urgent need to place consumer protection at the heart of financial regulation with a stronger Financial Redressal Agency or mechanism

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Whither quality audit in India?

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Why is RBI rushing to defend banks exposed by Cobrapost?

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