Ranjan Varma

Bankers or Bhayankars? April 14, 2012

MoneyLife has a story about how HSBC Bank took singer Suchitra Krishnamoorthy for a ride over a five year period by promising an extravagant assured return of 24%. Here’s the link

Suchitra is quoted as saying that

it is a warning to other vulnerable targets—small investors like me should not get conned by aggressive MBA’s in suits who are preying on their customers like sharks in the big bad ocean. All the while getting richer and richer while making us small gold fish go bust.”

While such stories of Relationship Managers/ Bankers of being Bhayankar Bankers is true, one can’t just play on the blame game.

What about looking within? It’s your money and why can’t you spend some time understanding a few concepts about money. And it’s not really difficult. Don’t let the jargons and complex language scare you. And now you have the internet and finding the right information is no longer difficult.

So how do you protect yourself from such bhayankar Bankers and Financial Advisors? Choose from the following:

  • Be Alert & Vigilant
  • Do due diligence about the advisor
  • Do due diligence about the product
  • Attend a RupeeCamp

I hope you notice that the last option, even though is a self promotion, is the most actionable and effective.

In any case, it’s good to be back. How have you been? And do share how you protect yourself from unscrupulous advisors. Thanks

Thanks for reading. Please check out our financial planning workshops and You can send us email for details about the workshops and book.

Connect with Ranjan Varma

Ranjan Varma has written 468 post on this blog.

Ranjan Varma has over 20 years of work experience in the financial services industry. Ranjan has worked with LIC & LIC Housing Finance in various positions like Branch Manager, Manager Sales, Area Manager, Deputy Regional Manager, etc. Ranjan has experience working in areas like Sales, Marketing, Investments & HR. Ranjan Varma has been interacting on his blog @ http://ranjanvarma.com since 2007, with posts on how to manage money. Ranjan Varma edits a personal finance website and has built products & tools for financial management @ http://rupeemanager.com. Ranjan also delivers training on personal finance. Ranjan has spoken at various seminars/workshops at Corporates and many Educational Institutions. Ranjan believes in Vipassana, a way of self-transformation through self-observation (to see things as they really are). Ranjan also aspires to create new businesses & projects from time to time.

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Bankers or Bhayankars?

1 Comment

  1. DR.ABHIK DE

    Peanut,when compared with stanchart


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Ranjan Varma

Ranjan Varma has over 20 years of work experience in the financial services industry. Ranjan has worked with LIC & LIC Housing Finance in various positions like Branch Manager, Manager Sales, Area Manager, Deputy Regional Manager, etc. Ranjan has experience working in areas like Sales, Marketing, Investments & HR. Ranjan Varma has been interacting on his blog @ http://ranjanvarma.com since 2007, with posts on how to manage money. Ranjan Varma edits a personal finance website and has built products & tools for financial management @ http://rupeemanager.com. Ranjan also delivers training on personal finance. Ranjan has spoken at various seminars/workshops at Corporates and many Educational Institutions. Ranjan believes in Vipassana, a way of self-transformation through self-observation (to see things as they really are). Ranjan also aspires to create new businesses & projects from time to time.

Bankers or Bhayankars? April 14, 2012

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