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Fee Fi Fo Fum

December 14, 2006 Leave a comment

In general, the Indian diaspora is still extremely wary of financial products and Investment Plans. The kind of responses that typical products elicit are frowns, raised eyebrows and scratching heads.

Another observation is a fear of the Bigger Banks. The common man of India is still afraid of the glitz and glamour that these institutions bring alongwith. “To be that consumer friendly, they must be charging one through the nose.” is the response that my father gave me when I took him to the Best Personal Banking Organization in the world (Forbes).

Another issue that I’ve been wondering about is the scarcity of the number of financial products on the altar; given the emerging market that India is, they are too few. If someone was to introduce real credit options for instance – No interest for 3 months/6 months/12 months, consumers like me would only be delighted. I wonder what is stopping these Men.

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Categories: Business, Finance