Unlike most countries, multi-layers of loan securitisation, derivatives trading using deposit holder’s money, and lending to known sub-prime quality borrowers are not allowed in India. RBI has also been strict in monitoring the health of the banks using several measures and reports.
Indian Automobile Industry is in the growth phase and the Indian auto market is still untapped with the majority of the people in the country not owning a four wheeler. Also even with those who own cars – the trend suggests that people tend to shift cars every 4-7 years of owning a car with… Read More »
The Rameshs currently are saving/investing only about 14% of their total income. This is way below the national average of 28%. They need to create a budget tracker and enter details on a regular basis to find where they are spending more. They need to start this immediately as they will face a severe cash… Read More »
As a fall out of the financial crisis the RBI came up with the idea of a Financial Stability Unit to monitor the economy and carry out regular stress testing and creating related reports. The current report has mentioned that the first FSR has indicated concerns relating to rising inflation, government borrowing and capital flows.… Read More »
In effect this will mean that almost close to Rs 12500 crores will be taken out of circulation. Meaning there will be a reduction in loans being given out at least at the lower spectrum or alternatively and practically this could lead to increase in interest rates, more competition among banks to get customers (better… Read More »
Use chip based credit cards. These cards offer better security than credit cards with black magnetic stripes. This is because in a chip based card, all information is stored in the small chip in encrypted format and it also uses a PIN. This makes changing or copying this data extremely difficult. So, the chance of… Read More »
The recession taught Indians value of money. So how to manage/use the salary hikes in an effective way so that it brings a fruitful return? Is it the time to splurge or go slow? Or is it prudent to continue with the austerity measures that one discovered during the lean time? Now, is it really… Read More »
A life insurance mutual fund with good (at least 20 times the premium) life cover is advisable for the long term requirements of child’s education. This needs to be started immediately after birth to get the benefit of long term investing. A monthly mode may be preferred for salaried people. Today’s engineering education costs about… Read More »
Parasailing in Goa, is an exciting water sport option. As you soar in the air and let the cool air to gently touch your face, the excitement really kicks in. In Goa you can parasail in two ways – winch-boat parasailing and beach parasailing. Winch-boat parasailing is usually done alone and it takes you high… Read More »
IRDA- the insurance regulator has not taken this lying down. 24 hours after the announcement by SEBI, IRDA came out with its own order stating that insurance companies shall continue to carry out insurance business as usual including offering, marketing and servicing ULIPs in accordance with the Insurance Act. IRDA believes that directive by SEBI… Read More »