Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
The savings which are difficult to come because of very high food inflation and low interest rate can only be attracted by banks only if they care for customers and provide complaints free service . Masking of Complaints and ignoring the customers and their complaints can cost the banks heavily as the savings bank interest rate which is always kept below the real rate of interest after adjusting for inflation always at above 4% is not all attractive for the poor who only save with banks. Moneyed people and the , well off the society have umpteen avenues to save , seldom come to banks is the ground reality. Mostly salaried class of people and poor segments of the society approach banks and they are either not cared or ignored by harassing through KYC norms and indifference in the provision of service . Unfortunately major banks like SBI, ICICI Bank can even afford to ignore the customers by all possible means. Glad to read from press reports that the Governor of RBI is seized of the matter and called upon banks to enhance the quality of customer Service. Hope the top management of banks understand the importance of bank customers particularly the Deposit Customers and extend to them the service expected and compensate the customers even for the negative rate of return they provide to them by way of sb Interest . There is a limit to exploit the poor savers.