The Reserve Bank of India (RBI) in its quarterly monetary policy review on 25th October 2011 made a radical change to the interest rate structure in the country. The interest rate on the humble savings bank (SB) account was deregulated fully, much to the surprise and against the wishes of the banks. This rate was [...]
Read moreIf the recent events have confused you on what approach to take towards your equity investments, well here’s an extremely useful read for you. It is penned by Prashanth Jain, the star fund manager of HDFC who has managed excellent schemes like HDFC Equity and HDFC Prudence for more than a decade. He should know [...]
Read moreThe Indian banking behemoth State bank of India (SBI) is coming out with an issue of long term bonds to augment its tier 2 capital. Here are the details: Issue opens on: 21-02-2011 Issue opens on: 28-02-2011 Call option: Available (see below for details) Secured: No Rating: AAA by CARE and CRISIL Listing: On BSE [...]
Read moreWhy is the Indian stock market falling? Well, this question has been bothering many who have invested in the stock market. The benchmark Sensex has corrected by about 14% from its peak in November. The sentiment seems to have reversed quite abruptly. Why is this happening? Let’s try to understand this fall. The reason: There [...]
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