A recent press report said that the country’s largest lender State Bank of India (SBI) has said that it was not in favour of hiking lending rates despite the Reserve Bank’s 12th consecutive rate increase. Mr. Pratip Chaudhuri, Chairman, SBI told the press that the margins are quite strong and the net interest income for… Read More »
A recent press report said that ICICI Bank has lowered the pace of deposit growth from foreign markets. It has decided to focus on growth of deposits from local grounds. Ms. Chanda Kochhar CEO and MD of the bank said that the bank is hardly growing retail deposits in these markets. She said that the… Read More »
A recent press report said that the rising interest rates have had little impact on home loans as borrowings have gone up 21% since March 2010 even as rates have gone up by around 300 basis points in the same period. Reports said that some of the borrowers have taken loans in from tier-I and… Read More »
A recent press report said that the Indian banks have sought approval from the RBI to open branches in Dhaka, the capital of Bangladesh, as they sense an opportunity to cater to the business community involved in the trade of non-Basmati rice. Reports said that Kolkata-based Allahabad Bank has sought the Reserve Bank of India’s… Read More »
Most of the time, we heed to the advice of the experts thinking their decision is the ultimate. Any deviations from such solutions to our financial queries can cause upheaval in our financial management. But this perspective is very wrong. There is no harm in questioning your agents’ financial decisions; after all it is your… Read More »
Investing without any goal in mind can leave you nowhere. It does not give you the drive as to where and how much you need to invest any fund, or even what is the type of fund you want to opt for. Having a goal in mind gives you the pursuit you need to opt… Read More »
Most investors hang on to only a few catchy phrases when it comes to portfolio building and growth in their investments. One such phrase is diversification. By diversification, we mean that, when an individual’s funds are invested in limited number of funds but which are aggressive in nature. Although this is the basis on which… Read More »
When you decide to build your portfolio, find out what your financial goals and requirements are. Categorize them into short and long term goals. Requirements like buying a laptop, or going to a foreign destination etc should also be included. Once you are done with them, next step is choosing the avenues where you want… Read More »
The fund under performs: If you as an investor feel that a fund is consistently under performing, it is better to sell the Mutual Funds than face the brunt of hanging on to it. Now under performance should be measured only if the fund has a poor performance record over numerous market cycles and not… Read More »
A recent press report said that the Reserve Bank of India, the central banking institution has planning to do a revised study on the potential growth rate. Dr D. Subbarao central bank Governor, told the press that the study has been planned due to the slowing economic growth. Reports said that the issue has been… Read More »