Suits & Sayings: Destination Scanner

So, this family in Mumbai, planning a destination wedding overseas, approached two mid-sized private sector banks for transferring funds to book the venue and hotel rooms. But they were in for a surprise when the banks insisted on the full guest list along with the PAN details. Why this scrutiny? Do they want to keep a tab on outflows for non-business activities? Or, it could well be a case of over-zealous banks, having caught the hint from the very top, are finding ways to discourage opulent weddings abroad! But this wasn’t the only case. A few months ago, the promoter of a granite company was politely reminded by officials of a certain dreaded agency that there were many exotic locations to hold a wedding in India. How did the agency even know? Well, they got a whiff of the charter plane booking.

(For more on our weekly roundup of wackiest whispers and murmurs in corporate corridors & policy parlours, pick up today's edition of The Economic Times newspaper)