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21-04-2005, 20:20

I'd imagine the reason LloydsTSB insist on proof of descent is because it will make administration a whole lot easier; otherwise they could presumably end up stuck in the middle of disputes over permissions and denials by the Bank of India which would could make the thing unworkable. Had the Indian bank not got these regulations I'm sure the account would be open to all because there would be reason not to. With a market of 1.2m to target (plus a foothold in India itself which has a growing economy and an inefficient banking system), there's every reason to do what they're doing

I think some people are looking for racist intent that simply isn't there.

Russ, if you're still watching, you mentioned that LloydsTSB did this to create a stir. Apart from on CF I've not seen any adverse comment on this initiative - and I've checked an awful lot of news stories.

21-04-2005, 20:20	#61
andyl Guest Location: Bury Services: NTL 2MB Broadband, x2 phones, digi TV. Posts: n/a	Re: Has to be Racist Surely I'd imagine the reason LloydsTSB insist on proof of descent is because it will make administration a whole lot easier; otherwise they could presumably end up stuck in the middle of disputes over permissions and denials by the Bank of India which would could make the thing unworkable. Had the Indian bank not got these regulations I'm sure the account would be open to all because there would be reason not to. With a market of 1.2m to target (plus a foothold in India itself which has a growing economy and an inefficient banking system), there's every reason to do what they're doing I think some people are looking for racist intent that simply isn't there. Russ, if you're still watching, you mentioned that LloydsTSB did this to create a stir. Apart from on CF I've not seen any adverse comment on this initiative - and I've checked an awful lot of news stories.