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Gold monetization scheme: Why offering higher rate of interest is critical for its success

Jun 08, 2015

Gold monetization scheme: Why offering higher rate of interest is critical for its success

Going by the draft, under the GMS, an individual or entity can walk into a test centre and gets the gold melted, purity assessed and converted into bars, against which the bank will issue a certificate to the holder. #HowThisWorks #CRR #SLR #Cash reserve ratio #Statutory Liquidity Ratio #Fixed Deposit #Gold Monetization Scheme
PNB cuts fixed deposit rate by 0.25% on select maturities

Jun 03, 2015

PNB cuts fixed deposit rate by 0.25% on select maturities

Following policy action, several banks, including market leader State Bank of India reduced its base rate or minimum lending rate to 9.70 percent from 9.85 percent effective 8 June. #RBI #NewsTracker #Repo rate #Allahabad Bank #Punjab National Bank #Statutory Liquidity Ratio #fixed deposits #Economy
If Modi wants to get savers off gold, he should try inflation-indexed FDs

Jan 05, 2015

If Modi wants to get savers off gold, he should try inflation-indexed FDs

You cannot wean people away from gold unless you offer at least one of its benefits - as an inflation hedge - in a new instrument. People don't like complicated inflation-indexed bonds. They may be willing to try fixed deposits #Gold #NewsTracker #Smart Money #Modi #Rajan #Inflation-Indexed Fixed Deposit #CPI-linked Inflation Bonds
Confused between close and open ended MF? This wardrobe analogy will help

Dec 19, 2014

Confused between close and open ended MF? This wardrobe analogy will help

Traditionally, Indian investors are used to buying a combination of open ended and close ended products. #Mutual Funds #PPF #Personal finance #Fixed Deposit #Money
For savers and investors, money is now yielding real returns. Don't miss the bus this time

Dec 15, 2014

For savers and investors, money is now yielding real returns. Don't miss the bus this time

Whether it is fixed deposits, government bonds or equity, we are in that spot where returns are likely to be positive after adjusting for inflation. Savers have a small window in which to take their calls. #Debt #equity #fixed deposits #tax-free bonds #Smart Investing #Real Returns
Lessons learnt? FinMin asks public banks to tighten norms for high value FDs

Oct 05, 2014

Lessons learnt? FinMin asks public banks to tighten norms for high value FDs

This is is seen as a move to check the kind of frauds suspected to have been committed at Dena Bank and OBC. #public banks #fixed deposits #KYC norms
Household financial savings rate inches up to 7.2% of GDP, finds RBI

Aug 31, 2014

Household financial savings rate inches up to 7.2% of GDP, finds RBI

Savings in deposits by the households rose, however, to Rs 1 lakh crore (17 per cent) in the year to Rs 6.91 lakh crore in FY14 as against Rs 5.91 lakh crore in 2012-13. #RBI #Investment #bank #Fixed Deposit #Household Savings #deposit #India
It's not a 'lower-level' problem: How to avoid Dena, OBC-like deposit scams

Aug 21, 2014

It's not a 'lower-level' problem: How to avoid Dena, OBC-like deposit scams

A relook at the KYC norms on handling of bulk deposits/ large value term deposits is critical. The reasons that led to the Dena, OBC scams applies to the whole system; hence the solution be worked out at systemic level. #Dena Bank #fixed deposits #Oriental Bank of Commerce #Syndicate Bank