lifaylon, You must have seen ad of SBI announcing 10.5% interest on 1000 days deposit (senior citizens to get more). Only some banks have hiked deposit rate. Take for instane, PNB is offering maximum rate of interest of 9.75% only, such a drastic reduction compared to SBI! One may not be wrong to conclude that PNB and many other banks (which have not hiked deposit rate to 10.5%) are not facing cash crunch to lend. May be RBI did not pay attention to this fact! ...

Leave it, Leave alone PSU banks. The way Fin.Min./RBI are apparently protecting ICICI Bank as if it has majority govt. stake, is really shocking. Hope the Special Audit of ICICI Bank by the RBI is candid. The Govt. (Fin.Min.) should not interfere with any independent action (which again is doubtful, the way RBI is being packed with ex-Fin.Min. mandrins)by the regulator of banks i.e. RBI. Also, RBI should continue to assert, just like during the regime of Dr.YV Reddy, in its role as monetary authority and also in its role as regulator of scheduled banks. The big question mark is whether RBI will be able to assert its role? ...

Yes, The sheer courage to initiate this thread some 10 months back by hindlevernet when the market was very bullish, and withstanding criticisms,is laudable (more than his expertise in reading charts). As you said one part of the title message has been achieved and the remaining portion will also be achieved shortly. ...

pkk07, Don`t you think that they may offer even 11 or 11.5% sometime later?...

BullSheetRules, nice one, especially the poem. I remember having read in The Hindu way back in the period between 1982 to 1984, reproducing a poem title Epitaph of the Pie by a former Finance Secretary (India). I misplaced the paper cutting....

my_money, The problem is slowly creeping into residential properties also. In Dehi Dwarka, brokers are not getting even enquiries for purchase of flats for the last one month. Further, the sellers are ready to dispose of flats at rates atleast 10% less than they were ready just a month back. Some brokers in the area, who never dealt with rental business, are forced to do the same just to keep themselves busy and recover their monthly expenditure. They say that after Diwali, things may even get worse. ...

vkk43, It is not mere advice, deliberate wrong advice. They sold much more than what is to be received as export proceeds. ...

Dear CHCHCH we have 9 trading days b4 the CRR comes into effect and 20000cr is available to give life to markets by then market will bottom-out to levels one cannot Guess though i thaught 11000 shud be fine 10500 seems to be in card with niffty at 3300 atleast from there we shud find a leverage of stability RIL shud touch 1500levels within next 9 trading days thats for sure...

What is the remaining portion? Nifty at 7000? LOL That is not coming for the next three years __at least__....

Even I like the Poem! :) Sometime simple poetry lines communicates a lot better! :) Let us read the same poetic lines again on lighter note :) -- `Black sheep, Wall Street Have you any gold Yes sir, yes sir All I can hold Thanks to the New Deal I`ve made a billion more And I`ve tucked it all away In my little chain store.` -- Gud luk & happy investing! :)...

yes dear! it will become worse after diwali......

HCC has high debt in its book and thats the only concern. although the current value do suggest one bounce could happen. one should do the profit booking at that time....

Yes, it was a deliberate wrong advice and companies believed banks advice and acted upon their advice, without thinking at all about its affect if the things go against their options, and they sold much more than their export sales. One should learn a lesson from it that in finance market, nobody should depend and believe on anyone because if his advice goes wrong, he would make a loss. Before acting on an advice, one should exercise due diligence and intelligence whether to act on the advice of the person/bank or not. ...

You are absolutely right. It was not a right ruling in the case of FEX derivates sales which exporters had entered into with Banks on their wrong advice....