Debashis Basu
 "Debashis Basu")
Debashis Basu
Debashis Basu is a Chartered Accountant by qualification with three decades of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He now writes a column for Business Standard every alternate Monday. Along with Sucheta Dalal, he has co-authored two best-selling books, "The Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam".
Debashis Basu is a Chartered Accountant by qualification with three decades of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He now writes a column for Business Standard every alternate Monday. Along with Sucheta Dalal, he has co-authored two best-selling books, "The Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam".
Page 12 - Debashis Basu
Protecting customers from 'banksters'
The RBI must apply its mind to the heart of the issue: are bankers competent to advise customers on anything other than their own banking product?
Debashis Basu: The bad old ways continue
Unfortunately, four years after the onset of the global financial crisis, the urgency to make fundamental changes in financial regulation is gone
Debashis Basu: Behavioural economics and regulators
Indian regulators have been unable to ensure that the right kinds of financial products are sold to the right kinds of people
Debashis Basu: Retail investors - five point nothing
Consumer financial protection should stand on five pillars: financial education/literacy competent and unbiased advice regulation of products and firms disclosure before transactions and grievance redress when something goes wrong
Debashis Basu: Consumer protection and regulators
At the fag end of his tenure, Mr Hari Narayan has made a passing comment about Irda's primary responsibility - consumer protection
Debashis Basu: The biggest ongoing financial scam
None of India's financial regulators has any interest in proactively dealing with pyramid schemes
Debashis Basu: Sebi, do no harm
To make mutual funds go beyond the top 15 locations, it has decided to rob investors and pay the funds
Debashis Basu: It's time for 'seller beware'
Since there is no concept of replacement in financial services, shouldn't policy makers promote the principle of 'seller beware'?
Debashis Basu: Sebi's poisoned chalice for MFs
Sebi's move will transfer more money into pockets of fund cos from those of investors, with no additional benefit to the latter
Debashis Basu: Covering up regulatory failure?
Spreading literacy is a way of passing on to customers the culpability of regulators & policymakers in having failed to protect investors
Debashis Basu: Entry loads, exit investors
Money is flowing out of mutual funds while savings in the banks are swelling
Debashis Basu: Hear the savers' voices
Regulators and policy makers talk to the producers talking to market intermediaries is beneath them, and talking to the large unwashed masses of savers and investors is just not on their agenda
Debashis Basu: The silence of the boards
Expecting independent directors and institutional investors to do more about mergers like Escorts may be unrealistic
Debashis Basu: Stories from Indian savers
The Indian saver has a plethora of choices and the market infrastructure is world-class. But is all this working for him, the consumer, or for the seller?
Debashis Basu: Pushing gold, without knowing the risks
Most investors are not made aware of the risks involved in gold investments
Debashis Basu: Signs of premature ageing?
Although elements of growth are in place, the financial services sector is not growing
