Thursday, January 23, 2014

The Taxi Saga

When the decisions of a national organization worth ten of thouands of crore and employing lakhs of people is taken by an individual, you know there's something inherently wrong

I am talking about the nation, largest banker. The former chairman decided across the country all it's branches needed a tax of it's own. That became an emploment opportunity to many. Loans were dished out to all. Nice shiny cars were brought. Branch officials travelled around as kings.

The problem started when the drivers or lease companes started coming up with huge bloated bills. Further there was no mechanism to monitor. Each branch had to shell out a monthly amount of Thirty Thousand Rupees atleast.

The successor to the chairman shelved the whole project. Now the bank has bunch of jobless guys and bad auto loans in their hands

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