Earn, the SBI Caps Way!

The Economic Times - - Money & Banking -

There are many ways to earn a liv­ing, but SBI Cap­i­tal Mar­kets has come up with a novel way, though with a bit of help from the Fi­nance Min­istry. When the gov­ern­ment sug­gested that the ad­vi­sory firm come up with prin­ci­ples of pru­dent liv­ing for banks, SBI Caps came up with one. In fact, it cir­cu­lated the brief which looked like a few points from a man­age­ment school text book to many banks, some of whom did not even need the ad­vice. But the sur­prise came a few weeks later, the ad­viser sent bills in ‘lakhs of ru­pees’ for the un­so­licited ad­vice.

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