Financial services

DeMonetisation and Digital Payments

DeMonetisation did not promote the uptake of digital transactions Driving India towards a less-cash, digital payments economy was one of the aims claimed by the Prime Minister when he invalidated 86% of India’s circulating currency. The reasoning was that India was a largely cash-based economy; if circulating cash was reduced, people would rapidly move towards …

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Going cashless or recapitalizing banks

A reckless war on cash – the real goal of #DeMonetisation

It isn’t just in India, that people are being forced to put money into banks. Banks worldwide are in trouble. Banks worldwide are needing bailouts. Demonetisation of notes is being considered as well as put into action in country after country – Europe (plan to not make 500 Euros post 2018), Venezuela (got reversed after …

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HDFC Bank: Abuse of Customer Trust & Fiduciary Relationship

¬†October, 2016: Imagine you are having a gynaec examination. With his rubber-gloved fingers inside you, the gynaec starts a casual chat about why you should buy his home-grown brand of condoms and intimate products. Creepy? Yeah, well, but that’s how HDFC Bank and other private-sector banks work. Actually, HDFC Bank is like if your gynaec …

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