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Showing posts from January, 2011

You can't 'bank' on them!

I often hope to erase the annoying image of a bollywood superstar humbly inviting me with folded palms to believe that privilege banking & NRI banking come first to a certain Indian bank. I happen to hold a couple of accounts with this one, so inevitably, their promises have registered over the years. Yet a singular experience with three branches of this popular bank today brought home certain home truths about modern finance vis a vis the regular consumer. I needed to make a wire transfer to a foreign bank, a process that involves complexities that only a bank employee can solve & a process that doesnt neccesarily earn a bank revenue. So what I really got, despite previous phone calls, was a refusal of this service in one branch, a totally lost employee trying haplessly to navigate the serpentine online processeses of an international wire transfer & finally, after a long wait at the third branch, the transfer half done & held up due to lack of functional printers!...