Reasonable ways to crack down on business spends/ money rotation

[Vasuki]

Indeed. The government isn't doing this. The banks if this is the reason they are doing it, are doing it to acquire more customers. That is capitalism, not communism.

Top 1 % spend 80- 90% of cc bills .
There must be fundamental wrong with axis .
Maybe acquiring Citi bank was more than their appetite .. which results in cuts of other portfolio

 

[Maikalal Jaikishan]

Top 1 % spend 80- 90% of cc bills .
There must be fundamental wrong with axis .
Maybe acquiring Citi bank was more than their appetite .. which results in cuts of other portfolio

When Jio was trying to acquire market share, did they use the excuse that top 1% spend more on phone bills than all the rest?

 

[Vasuki]

When Jio was trying to acquire market share, did they use the excuse that top 1% spend more on phone bills than all the rest?

Jio is backed up oil money 🤑 .
Not axis

 

[Maikalal Jaikishan]

Jio is backed up oil money 🤑 .
Not axis

Funding is different, business model is similar.

I am not a huge fan of Axis. It is a bank I avoid, alongwith SBI. I hate the culture of these banks.

But they have been around for a long time now, and I think they know what they are doing better than some gyaanis on an internet forum 🙏