Do you withdraw money from savings bank account just before the need and not few days in advance to make few extra bucks for the money lying in your savings account?
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Banking
For almost in 12 years, credit growth has dropped to single digit, at 9.66% on a year on year basis for the first time against a growth rate of 10.75% in the last fiscal as per available data. To protect and to maintain their books, banks had parked more than Rs.133,925 Crores with RBI through reverse repo window which is normally used to suck out the excess money from the system.
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Current results season has produced a spectacular picture about growth in industrial activities and services. Results of the banking sector depicts that the economy in general is maintaining its growth momentum.
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Islamic Bank cannot be called a Bank because of RBI guidelines but it looks like time has changed and Kerala may have first Islamic Bank Next year.
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Review and Analysis of how good is Canara Robeco FORCE Fund NFO, and whether it offers anything new and unique for the investors.
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RBI has, vide its circular dated April 13, 2009, made the following changes in High Value Clearing for metro centers. Following is the roll out plan for RBI
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I would like to draw your attention to one of world class Indian bank and why you should invest in HDFC bank at current levels.
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For the successful Islamic banking operations, it will be on Government to implement Islamic banking. If not they should atleast provide bank status to Islamic finance institutes as they are termed right now do they can issue cheque and other such facility like banks.
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Corporate India is now feeling the “Credit Crunch” This type of environment was seen in the year 1995 – 1996 an now the cycle is repeating itself. Corporates have not yet pressed the panic button but they seem familiar with the signs that are coming towards them. Smart players who have already seen the signs [...]
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Private sector banks might increase their lending rate to one percentage point (100 basis points). There is a possibility for many, to increase the rates by one percentage point from July1, 2008. This happened because of the inflationary pressure which has led to an increase of interest rates.
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Technology seems to have come out as a big winner from all that happened in the past 3 months. It is all because of the rupee. Since the rupee fell, technology stocks have been then bought. For example; Infosys is going up quite strongly. Also, MindTree is a second tier IT company to be taken into consideration.
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Sundaram BNP Paribas Financial Services Opportunities Fund is an open ended equity scheme which would be investing in banking, finance and money market related companies.
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I will be discussing the impact of the union budget on the sectors where I have some investment or planning to make some more investment.
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