Indian Oil Company Balance Sheet, Where Is The Loss

Petrol and Diesel Prices keep on going up on a regular basis, citing the rise in International Crude prices.

For a common man like me, who does not know the intricacies book fudging,the figures of Indian Oil Company Limited tell me they are not incurring Loss.

Would like to remain corrected.

90% Financial Services, Interest Rate Swaps, Mis-Sold UK

The following is a Guest Post by Mr,Paul Simms from Reflect Digital UK. The Guest Post.: ‘Unsophisticated’ British firms due to be compensated for mis-sold interest rate swaps British companies hoping to file a claim against the banks after being mis sold interest rate swaps are said to be running out of time to do […]

How To Complain About Banking Services Details

The Banking Ombudsman can receive and consider any complaint relating to the following deficiency in banking services (including internet banking):

non-payment or inordinate delay in the payment or collection of cheques, drafts, bills etc.;
non-acceptance, without sufficient cause, of small denomination notes tendered for any purpose, and for charging of commission in respect thereof;
non-acceptance, without sufficient cause, of coins tendered and for charging of commission in respect thereof;
non-payment or delay in payment of inward remittances ;
failure to issue or delay in issue of drafts, pay orders or bankers’ cheques;
non-adherence to prescribed working hours ;
failure to provide or delay in providing a banking facility (other than loans and advances) promised in writing by a bank or its direct selling agents;
delays, non-credit of proceeds to parties accounts, non-payment of deposit or non-observance of the Reserve Bank directives, if any, applicable to rate of interest on deposits in any savings,current or other account maintained with a bank ;
complaints from Non-Resident Indians having accounts in India in relation to their remittances from abroad, deposits and other bank-related matters;
refusal to open deposit accounts without any valid reason for refusal;

Financial Products Mis-selling By Banks,Insurance

Mis-selling( an euphemism for cheating) of Financial products is so rampant that Bajaj Allianze’s Ad on Their policies highlights this aspect.’stating that their Agents do not misguide you.

Banks and Insurance firms in their mad rush to earn Profits offload their Products on the unsuspecting Public..

Normally the Age, with savings,are their targets.

They misrepresent their products and even when they know the returns will be poor, they assure Moon.

ULIP Products are a case in point.

I had invested for my son in ICICI Prudential.

I was promised a return of about 60%

When I told the Agent that it was an impossibility, he took out a chart and started blubbering non sense.

As I had to take out cover for Tax purpose I took it.

Ran it for Five years, watching the Fund.

Finally I with drew with a return of 8% on Investment after 5 years!

These companies hide behind .Conditions apply”

I am yet to see a Banker or an Insurance man investing in their own products.

Best is to invest in Post Office, PPF, or Savings Bank.

Or the Old fashioned LIC standard Endowment Polity.

Now read the agony of an elderly Man.