Today the business world comprises of dealing with colleagues or clients across countries and different cultures, especially in a culturally diverse country like India. People from the Northern part of the country have a different culture from the people in the Southern part of the country.

Over the past couple of months, the news coverage is mainly of the frauds happening in the Indian banking sector. Be it the Punjab National Bank approx. Rs. 12,000 crores loan fraud or the ICICI –Videocon scam or the Rotomac fraud where seven consortium banks were cheated of Rs. 3700 crores.