Indian Financial Firms Skating on Thin Ice?
Indian financial services firms are rejoicing the surge in private wealth management business at the expense of foreign banks, which had a stranglehold on the business so far. But that may not necessarily be a good news. An international banker says that laws have become so tough that they can’t compete with local companies, which indulge in sharp practices they dread. Watch out for some instances of ‘misdeeds’ by local companies, before even the local regulator