Banking

What should have been the story of Modi Government on currency demonetization?

As mentioned in my earlier posts, Modi government has not got its story right because a logical and a believable story needs to be built on truth and facts. If I was asked to build the story for demonetization of currency by Modi Government, it would have been something like this. Modi government has a logical story to tell.

Do not take loans from Standard Chartered Bank

This is a follow-up on my earlier post. Can you believe that Customer Service Manager of Standard Chartered Bank called to convince me that what they had done was legal and as per their contract. I cannot imagine that intelligent hot shot bank executives who must have studied at all the top schools can come up with such a scam. If this is true, I would recommend to all of you out there who are planning to take a loan from Standard Chartered Bank or thinking of opening a bank account with them, don’t do so as you might be debited with charges that you never thought you had to pay. And if you can’t afford to pay their illogical charges, you will the additional expense of going to the Doctor to get medicines High Blood Pressure and hyper tension. My response to the customer service manager’s illogical argument is given below.

Why is Standard Chartered Bank cheating its customers?

We took a loan from Standard Chartered Bank in Nov 2010. We are located in New Delhi. There was no mention of annual charges. Even the schedule of charges they gave me didn’t mention anything about annual charges. All of sudden I found that theu have debit us with Rs. 37,000 as annual charges. My suggestion to all of you out there is NOT TO DO BUSINESS WITH STANDARD CHARTERED BANK because you don’t know what they will debit you with. The letter I wrote to their hot shot top executives is given below. These guys can’t make money in a fair manner and they start manipulating customers to boost up their profits.

Should corporates get banking licences?

Since the time I have heard that the government is planning to give new banking licences and that a number of corporates like Reliance, Religare and others are waiting in line to get one, sleeping at night has become a little difficult. I believe that none of the corporates should be given licences. No discussion. Why? Let me give you my reasons.