Consumer RightsExpense AccountPersonal FinanceUncategorizedAugust 12, 2014by Monika Halan0A hunt for PPF that leads to toxic sales pitches
Banks brazenly sell toxic insurance products to me as I request and seek a PPF.
Banks brazenly sell toxic insurance products to me as I request and seek a PPF.
Not allowing foreign money in insurance is to cut off our own noses to spite our face. Why is FDI in mutual funds ok and not in insurance?
Learn to ask: what does it cost, before you buy a financial product. The seller will try and distract you with returns and tax breaks. Don't get conned.
Banks get ready to lobby away the payment banks. But RBI seems determined to break the banking cartel.
The Indian Banks Association has stalled reform that benefits the bank customers. Profits over people for the IBA.
Tax payers gain in interim budget by the new NDA government.
The suits are out lobbying hard for even more sops at budget time. FM should ask the question: why don't you make products more transparent and then more people will buy.
Toxic insurance products in Indian retail finance have a colonial history. What started as the way for the British government to get cheap Indian money, now gets the Indian government the same.
Brazen cheating happens in Indian banks when they sell financial products. The courts are taking action, but unless there is political will, nothing will change.
Where the market index will reach should not worry you. Worry about not being in the market over the long term.