Overcharged & Underserviced

The RBI is concerned about high bank charges. It should look into the quality of services as well

In a recent speech at Hyderabad, Dr D Subbarao, governor of the Reserve Bank of India said that he was surprised that “transfer of funds from one branch of a bank to another, both under the core banking system (CBS), entails a service charge for the remitting customer.” He asked banks to lower...

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  • Will Anyone Question the Regulators?

    The regulator will not act as a watchdog for you. They wake up when it is too late and this is true all over the world

    Bill Bonner, an editor of The Daily Reckoning, a popular e-zine on financial markets, has an interesting take on the 150-year sentence to Bernie Madoff in June. Madoff was one of the most respectable names in the US financial world for over 20 years while he was faking high...

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  • A Good Move - Unfinished

    Investors will now be able to hold MF distributors accountable for the quality of their advice

    The Securities and Exchange Board of India’s (SEBI) decision to scrap entry load on mutual fund products is a much-needed, solidly pro-investor move. But it has triggered off such a wave of turmoil among distributors that, at the time of going to press, they were planning litigation and...

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