In your interest.
Online Personal Finance Magazine
No beating about the bush.
This tale of a senior citizen harassed by ICICI Pru holds lessons for others
In our everyday transactions, most of us tend to trust agents and service providers to correctly fill out the details in application forms without worrying about being cheated. Sometimes, that trust could turn into an expensive mistake and against the rules too, as this case shows. Mr Narayana, 74 years old, was...
Ham-handed attempts to discredit its adjudication committee will put SEBI's credibility at stake
A couple of issues ago, I wrote that inconsistent actions by independent regulators, such as the Securities and Exchange Board of India (SEBI), are affecting their credibility. I had discussed the case of the National Securities Depository Limited (NSDL), which had been at war with SEBI after it...
Reverse book building needs a quick fix
A few years ago, the Securities and Exchange Board of India (SEBI) set up a committee which recommended the ‘reverse book building’ (RBB) procedure to give minority shareholders a voice in deciding the price at which a company could delist its shares from the stock exchange. RBB ensured a transparent process of ‘price discovery’ – one at which the...