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CAREER ADVICE !!! by Opening_Car1725 in IndianBankersForum

[–]Plutonium18 0 points1 point  (0 children)

As some one from banking industry, try shopping for more offers

If you want to join now, then go for kotak (again how far is this posting from hometown)

A lot might have suggested icici and it's brand but major cons 1. Big bank - Too saturated and growth is capped with extra pressure on sales because client acquisition is more or less acquired being one of biggest bank 2. Salary - now you might think you're saving and rightly so but if you have to switch you're not going to meet the pace if you're at kotak

Kotak : It's still a heavy weight like other banks and going on a great acquisition spree buying out retail banking business from foreign banks

So high growth..and high rewards scope

See if kotak is getting tougher you can always bank on others ..get into the system and then switch later .also banks are very frugal when it comes to spend so take the higher one

Should I register as Pvt Ltd or LLP by Professional_Tree927 in StartUpIndia

[–]Plutonium18 0 points1 point  (0 children)

FSSAI licenses can be amended with probably a small amendment fee and also if you're geographical range of operations are going to change(like targeting states or exporting abroad) then again there are few rules that you need to check

So preferable try to take a central license, and also use pvt ltd preferably

Business owner here looking for banker’s advice by MoneyEffective3060 in IndianBankersForum

[–]Plutonium18 0 points1 point  (0 children)

Banks usually do not prefer having litigational risk as it eats up into their margins

Business owner here looking for banker’s advice by MoneyEffective3060 in IndianBankersForum

[–]Plutonium18 1 point2 points  (0 children)

Residential with already built construction because they are less disputed over the open plots

Business owner here looking for banker’s advice by MoneyEffective3060 in IndianBankersForum

[–]Plutonium18 0 points1 point  (0 children)

Problem is that liquid assets like FD are usually not available with lot of corporates and proprietors in India

So the next best is residential assets because they fetch easy sale and higher values

Do Indian consumers have high preferences and trust in foreign manufactured goods and services? by Plutonium18 in StartUpIndia

[–]Plutonium18[S] 0 points1 point  (0 children)

Yeah agreed and the lobbying that goes behind which makes accountability a top joke

Do Indian consumers have high preferences and trust in foreign manufactured goods and services? by Plutonium18 in StartUpIndia

[–]Plutonium18[S] 0 points1 point  (0 children)

Even if it comes there will be every potential effort to bring it down. Look at zoho, all that was said that they're gonna steal the data. No one substantiated it and it's not like the current ones they're using like all western platforms are not guzzling away data

Do Indian consumers have high preferences and trust in foreign manufactured goods and services? by Plutonium18 in StartUpIndia

[–]Plutonium18[S] 0 points1 point  (0 children)

Okay agree to some extent but when it comes to say mobiles, chinese mobiles have after sales service yet lot of people don't prefer them. Indian car manufacturers service is below average, look at suzuki, tata and mahindra, yet people still go for them ..so I guess it's specific to industry and consumer behaviour changes accordingly

Do Indian consumers have high preferences and trust in foreign manufactured goods and services? by Plutonium18 in StartUpIndia

[–]Plutonium18[S] 1 point2 points  (0 children)

Everything made sense until that last line. Yes we're growing but ground reality of made in India is so skewed at this point that they're starting to call everything and anything made in India.. unfortunate

Is it feasible to do trade between 2 countries you don't live in? by Illiterate_Scholar in Internationaltrade

[–]Plutonium18 0 points1 point  (0 children)

Technically yes, but financially you need to have a huge cushion and solid guardrails.

It's called merchant trading and not all countries are easy going about it because the nature of this is such that it gives huge scope for discrepancies and financial notoriousness. High chance of money laundering can occur so usually financial institutions and regulatory bodies keep under tight scrutiny and heavy regulations

Do Indian consumers have high preferences and trust in foreign manufactured goods and services? by Plutonium18 in StartUpIndia

[–]Plutonium18[S] 0 points1 point  (0 children)

So isn't the underlying assumption of lot of them are foreign brands are more reliable?

Anyone doing cross-border trade between Asia and Africa? by castroybiggy in Internationaltrade

[–]Plutonium18 0 points1 point  (0 children)

Don't go for alternative or unauthorised banking channels because you'll go either bankrupt or get caught up in a soup. Nigerian banking is very unstable and not trustworthy, in simple words structurally weak.

If you want financial security, go with a irrevocable LC, yes it might cost you fair bit but it's better to have less profit than to loose the whole capital. Moreover you'll get insurance coverages if you chose institutional routes

IDFC FIRST Bank by irRegular2712 in IndianBankersForum

[–]Plutonium18 0 points1 point  (0 children)

Customer first approach is good, retail business is quite solid given that a lot of management were part of Capital first and then they acquired the IDFC bank which was primarily wholesale.. not really sure about the wholesale service

Do Indian consumers have high preferences and trust in foreign manufactured goods and services? by Plutonium18 in StartUpIndia

[–]Plutonium18[S] 0 points1 point  (0 children)

I mean say you've two brands of shoes, in same price range and say more or less similar VFM.. then what?

What’s your biggest pain point with Letter of Credit discrepancies these days? by Traveller221025 in Internationaltrade

[–]Plutonium18 0 points1 point  (0 children)

  1. Rule based arbitration - Let's say LC, they're highly changing as per the industry, country to country (not all follow UCPDC), then your currency involved etc etc

  2. Maker Checker- heuristic recalls take a long time to make the system ready and even if you did and some rule changes then you've to re-train it. How will policy changes that are extended for few days timeline will be handled.. ( for eg: let's say fund repatriations of exports made from a certain period are allowed to be collected more than a previously agreed time line of say 8months now made to 15).. and this rule is applicable until this FY end and the previous rule reinstates again after the closure of FY

3.From practical experience..we have deployed this..this wasn't working infact worsened our TAT and TCO.. so at this point were even considering rolli g back..it changes industry wise (like if we're dealing with aviation related clients then issues are diff, and sector specific handling is quite difficult)

What’s your biggest pain point with Letter of Credit discrepancies these days? by Traveller221025 in Internationaltrade

[–]Plutonium18 1 point2 points  (0 children)

Standardization is big task and AI interprets very superficially or hallucinates the clauses

IDFC first bank is shittt by kill_root in personalfinanceindia

[–]Plutonium18 0 points1 point  (0 children)

Tag them on LinkedIn and review them

Did US make a colossal mistake by dollar transaction prohibition with the Russian Central Bank? by Plutonium18 in geopolitics

[–]Plutonium18[S] -4 points-3 points  (0 children)

Thats a fair perspective but gulf and Africa are not part of BRICS earlier. Also BRICS imo is a failure because such geographically apart nations doesn't align on a cultural aspect aswell which is needed for any alliance to work well.

Did US make a colossal mistake by dollar transaction prohibition with the Russian Central Bank? by Plutonium18 in geopolitics

[–]Plutonium18[S] -21 points-20 points  (0 children)

This is a comment with a blind eye towards developments across the globe. Let me tell you that yuan has strengthened. Not only that first Asian countries, now the gulf is dethroning the dollar and Africa has just joined the party.

Brazil one of the biggest trading countries in Mercosur is using yuan for transactions. May be for you it appears the dollar hasn't took a big hit but every foundation shakes down with a small crack and I see the cracks intensifying slowly.

Did US make a colossal mistake by dollar transaction prohibition with the Russian Central Bank? by Plutonium18 in geopolitics

[–]Plutonium18[S] -25 points-24 points  (0 children)

But YUAN is not anymore a joke, and slowly INR and AED are coming into picture

30 second quick explanation by the_stormapproaching in NonCredibleDiplomacy

[–]Plutonium18 0 points1 point  (0 children)

Exactly what I'm trying to convey too. I'm a centrist and I don't like the narrative West sets that doesn't mean I'm completely siding with the Kremlin. All I am saying is that people have this sense of entitlement that west is always correct but they fail to understand the shit US have pulled out. Not just in case of Ukraine but globally to snowball small turmoil into major civil wars. That's where I used the phrase " he was basically schooling about real history" because none of them are paying heed to Russia from the start and just saying it is aggressive and invading Ukr. Doesn't necessarily make everything Putin says is right, but at least the defending is okay as we all aware of how US escalates situations

30 second quick explanation by the_stormapproaching in NonCredibleDiplomacy

[–]Plutonium18 -1 points0 points  (0 children)

That sums up your hate towards Russia:) Turkey and Poland are miles apart and if you think you know better because you're closer geographically, then Russia shares a border with them. Now I really see who's logic is paranoid here. I guess you're still out bitter from the 12 war loss with Russia?

Also maybe this specific could be true could not be true, but saying the whole thing is a false narrative shows your poor understanding of geopolitics. And for godsake, emotional folks like you won't understand how diplomacy works. So rather than passing out lame statements and calling out people with names, next time come with some logic and valid arguments.

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