Earn, the SBI Caps Way!
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.