They still can't call it a day...

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It seems no end of woes for them. Already having trouble maintaining their jobs, employees of financial firms, realty companies & airlines are now finding it difficult to get credit cards from banks. Banks are rejecting their credit card applications owing to the possibility of further lay-offs and job losses in these troubled sectors. Although the law prohibits banks from denying credit to anybody on the grounds of his profession, but banks have long maintained negative lists and denied credit cards to reporters, lawyers, chartered accountants and junior ranks of the security forces. With inclusion of these sectors, the list is just being extended.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)