afaqs! news bureau

Axis Bank want us to pause our love for bargaining

Since last year, this love has hurt the standalone stores the most. So, the least we can do is pause it for a year.

“Indians can’t live without a bargain and Chinese people can’t give you a bargain,” Canadian stand-up comedian Russell Peters joked once during a show.

He was bang on and to such an extent that Axis Bank’s latest ad is asking people to pause their love for bargaining, at standalone stores in particular. The reason: these stores are one of the worst-affected since last year’s COVID-induced nationwide lockdown.

Autumn Grey has made the ad for the bank. It illustrates how, since independence, India’s love for bargaining has only deepened over the years.

Take a look at the stores shown throughout the years in the spot; single owner, not too fancy, surviving quarter to quarter… No wonder the owner’s frown deepens with each frame because he can’t afford to give a bargain, but has to, or else he’ll have to shut shop.

Since the lockdown, it is these stores that have suffered the most because they didn’t have any safety net to fall back on.

Rajiv Anand, executive director - wholesale banking, Axis Bank, said, "Bargaining is a very deep-rooted phenomenon in our culture. We do it without a pause. But 2020 and 2021, without a doubt, have been the hardest years for small businesses. With #PauseTheBargain, our primary objective was to start a new initiative, where all of us could do our bit, to help get small businesses back on their feet. Hence, can we, for some time, #PauseTheBargain."

Also Read: Axis Bank bats for SMEs in a new spot

A couple of months ago, Axis Bank had released an ad that, once again, focused on these SMEs, and how e-commerce had affected their livelihood.

In the spot, the bank illustrated how the features we expect from online shopping sites are similar to those our neighbourhood shops offer.