The Indian banking industry has no dearth of defaulters. Not even the so-called “wilful defaulters”, who have the capacity to pay but don’t or divert loans for other purposes.
Till recently L’Oreal made money by putting ‘chemistry’ in a bottle.
In the case being heard by the Supreme Court from the 17 public sector bank consortium, the only worry should not be that Vijay Mallya has fled the country. It is also that a consortium of banks gave away loans to a beleaguered Kingfisher by breaking the norms of sound banking practices. So we should be more worried about the banks fleeing away as well from their responsibility as bankers to the nation. Because then the government and the public will be left holding the can! And the perpetrators of this gigantic financial indiscretion will all slink away quietly into the sunset.
E-Commerce has left a deep impact on the way people once shopped. With the increasing penetration of smartphones and emergence of online marketplaces, online portals are drawing large pools of loyal customers away from their favorite physical retailers, the latter finding it tough to keep up with the variety and prices that these portals offer.
Being able to borrow too much allowed many of us to make bad decisions - decisions that led to painful consequences. While debt can help us build assets and achieve dreams, it is also true that debt can lead into a maze that is extremely difficult to unravel. Sudipto Dasgupta is confused. He borrowed money from the bank for a home loan and also some more money as a personal loan to buy a home theatre system to enjoy the music that he loves. His financial advisor tells him that while a home loan is "good debt", acquiring a home theatre system worth Rs 1 lac is bad debt.
I know many marketers who complain that marketing is always treated as a second-class part of the business. And while as a marketer I know the importance of providing consistently effective marketing, I also know that if other parts of the business are not effective, then you cannot fix it with any level of marketing.
I visited Toyota service station to get my Corolla serviced. This is what I observed:
