With reference to RD Account, I would like to inform that you can open the a/c with minimum of one year and thereafter multibles of 3 months -say 12, 15 18 months etc.--in Corporation Bank

Any senior citizen will get 0.5% additional interest for RD accounts also.
Interest is the current rate applicable to the domestic term deposit rates for the period of RD selected.
As we can select the amount to suit our capacity, RD will be similar to SIP with interest earned at the rate available on the opening of the account. Once opened it won`t be altered during term.
v.krishnamoorthy...

In the capital market, FIIs have pulled out 10.05 billion dollars net in 2008 so far, while they have net pumped in 2.15 billion dollars in the debt market, according to SEBI figures.

Subbarao said emerging economies, which do not have direct or significant exposure to stressed financial instruments and troubled financial institutions are experiencing the indirect impact of the crisis.

He said that the impact is "by no means insignificant or trivial. Indeed, it could intensify in the months ahead."
this is gist of what RBI Governor said in IMF meet in USA as seen in the press in USA.
All other details may be seen in the Indian press in a few hours time.

V.Krishnamoorthy
Folsom/USA...

In the capital market, FIIs have pulled out 10.05 billion dollars net in 2008 so far, while they have net pumped in 2.15 billion dollars in the debt market, according to SEBI figures.

Subbarao said emerging economies, which do not have direct or significant exposure to stressed financial instruments and troubled financial institutions are experiencing the indirect impact of the crisis.

He said that the impact is "by no means insignificant or trivial. Indeed, it could intensify in the months ahead."
v.krishnamoorthy
Folsom/USA...

The message was as usual, not fully printed. The rest of the main report is as under.
RBI Bovernor said "In the capital market, FIIs have pulled out 10.05 billion dollars net in 2008 so far, while they have net pumped in 2.15 billion dollars in the debt market, according to SEBI figures.

Subbarao said emerging economies, which do not have direct or significant exposure to stressed financial instruments and troubled financial institutions are experiencing the indirect impact of the crisis.

He said that the impact is "by no means insignificant or trivial. Indeed, it could intensify in the months ahead."

full report will be available in Indian Press in a few hours.
v.krishnamoorthy...

Our FM cancelled his trip to attend the meet on Friday. Rbi governor spoke on his behalf. His remarks is given below as reported in the press here in US Sunday morning.

...

Please give a letter to the manager,to increse the deposit insurance cover to five lacs per account, while enewing deposits. Address the bank`s chairman and pas it through the manager.
I am doing it through all banks in which I have contacts. I am helping my friends also to present letters. Unless we do something,individually and collectively, we can not bring it to the attention of the GOI,RBI,and AIBEA..
Shall we have a movement through Money control.?
the moderator should be addressed a letter simultaneously and let him present it to the GOI. when he is inviting comments over infosys and index, why should not he open a page for receiving the posts.
we have no cooperation and will to work together. so individually, we suffer.
If I am wrong in my views, please correct me with a formula. I will be only happy, In USA, we have cover for 2.50lacs $US.
v.krishnamoorthy
Folsom/USA ...

How much more can FIIs sell

Largest inflow of $36 b came in 2004-05.
Our Bureau-Busi.line Mumbai, Oct. 10

FII investments in Indian equities, from the time they commenced buying in India, has amounted to $56 billion as on Friday, SEBI data showed.

The value of this investment on Friday would not be $56 billion, of course, but how much of this is likely to be sold, marketmen were wondering. On this hinges the fate of Indian stocks in the near future.

More on cards?
Going by the FII investment figures it is possible that another $7 billion to $8 billion in equities could be shed by them, estimate analysts. FIIs have already sold equities worth more than $10 billion in 2008.

Taking October as the base month, the largest increase in FII investment was between 2004 and 2005, when net buys by FIIs rose by $36 billion. But the Sensex was at 8,483 in October 2005 and FIIs are likely to hold on to those investments, said an analyst. Of course, this is a crude way of calculating as one does not know how much of those investments they have sold to re-enter the market, but it is a rough indication on what is to come, said one analyst.

The next large chunk of investments came in 2006-2007 (October) amounting to nearly $18 billion. In October 2007 the Sensex was above 18,800, much higher than now.

It is this $18 billion of investments that FIIs they are likely to offload first to cut losses, said the analyst.

“They would calculate on a last-in, first-out basis. What they had invested in 2004-05 has still gained enormously from what the Sensex levels were then.”

By this estimation, at least another $8 billion can be sold by FIIs, he said.

v.krishnamoorthy...

Leave it, I doubt,if most of our parliamentarians understand, the anomolies you have narrated. They are repeating like a `parrot`our banks are safe`. If some thing happens, they will find a scapegoat or a escuse as usual & the matter will be closed without taking a remidial action. Relity will never dawn on them. Regarding trade unions, U think they are any better.. they will haggle for their genuine or frivolous demands, & customer safety ? ?? of course they are safe in banks. Actually they are used to dictionary meaning of banks. Banks means safe automatically . regds nodi...k ...

The message was as usual, not fully printed. The rest of the main report is as under. RBI Bovernor said "In the capital market, FIIs have pulled out 10.05 billion dollars net in 2008 so far, while they have net pumped in 2.15 billion dollars in the debt market, according to SEBI figures. Subbarao said emerging economies, which do not have direct or significant exposure to stressed financial instruments and troubled financial institutions are experiencing the indirect impact of the crisis. He said that the impact is "by no means insignificant or trivial. Indeed, it could intensify in the months ahead." full report will be available in Indian Press in a few hours. v.krishnamoorthy...

They did not reply to me either....

hold on it will b all rite.........

This is the full posting. sorry for the inconvenience US to take stake in banks, first since Depression WASHINGTON: The US government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late on Friday, announcing the historic step after stock markets jolted still lower around the world despite all efforts to slow the selling stampede. Separately, the US and the globe`s other industrial powers pledged to take "decisive action and use all available tools" to prevent a worldwide economic catastrophe. "This is a period like none of us has ever seen before," declared Paulson at a rare Friday night news conference. He said the government programme to purchase stock in private US financial firms will be open to a broad array of institutions, including banks, in an effort to help them raise desperately needed money. v.krishnamoorthy...

Wow, those were some hard hitting replies :). I know i should have gotten out of this stock quite sometime back - but that time i didnt manage my portfolio. Hindsight is always 20/20, but how many times dont we mess up. I have just started getting interested in the stock markets so I guess i learnt right at my first step, thank god for it. ...

At least fall is stopped, Dow is down around 100, NASDAQ is green, Thanx God, its stopped crude has shown almost 10% in a day, The day was full volatile, but not bad....