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Showing posts from April 25, 2009

Back on writing Pad :-)

Guys , i m writing again after a long time, ofcourse i know that i'll have to start with an excuse... why m nt writing ? Excuse for this...!! But days have been odd in my life, i hardly found the zeal, time and committment to write, blame it on my stupid routine, or the blend of problems i was grilled into...

Well , on one side i have thousands of new developments tht i'll like to discuss, but on the other side , there are ample of doubts where to begin from... I seriously have lot the touch with this blog... fortunately part for me , some reader felt that i m not writing new posts and a request for writin came from him.... this might have acted as a trigger and made me click few buttons of the key board.... 2009 has seen a scarcity of the personal posts i have written in this blog... i dont know how to keep the momentum of writing on... Ab bhi i thought around ten times, on the things tht i should write...

Well, for me professionally , the year started with one of the greatest…

Impact of Recent Monetary Review of RBI

Measures: Cut in repo & reverse repo rates by 25 bps

Impact: Though banks are reluctant to cut rates, some will prune their deposit rates within a month; rates for certificate of deposit (CD) were already down on Tuesday. Lending rates could soften at a later stage.

Measures: Payment of interest on savings bank account on a daily product basis, wef April 1, 2010

Impact: Savers will get more out of their savings account and banks’ total payout would be much more. So, if an investor parks Rs 2 lakh and withdraws it 2 days later, she will get interest for two days instead of the lowest balance between 10th and 30th of a month.

Measures: Review BPLR system; make credit pricing more transparent

Impact: RBI wants banks to lower the prime lending rate (PLR), so that the interest rate comes down not just for new borrowers but also for existing corporates and individuals (like home and car loan borrowers).

Measures: Up to Rs 1-crore loans against NRI deposits

Impact: Currently, loans up to Rs 20 …