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91 ArticlesBanks

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Banks Sucker You On Automatic FD Renewals

Your bank tries to sell you fixed deposits with an “Auto renewal” facility where, if you don’t say anything, they will renew your deposit for the same ...

Moody’s downgrades SBI

Markets are down 1.5% in a sudden move after Moody’s downgraded SBI, India’s largest bank. The Rating goes to D+ from C-. "Moody’s Investors ...

Tech: BankNifty Falls Below Support

Banks have gotten absolutely hammered in the last few days and it’s time to take on a short position as a solid support line has been breached; on the ...

Banks Get the Noida Jitters

It seems banks are looking to approach RBI for a special dispensation for the money lent to homes in Noida Extension where the supreme court has said that the ...

Of Greek Austerity and an Interesting Trade Setup: MV Chronicle

On Jun 25, at the MarketVision Chronicle I write about Greek Austerity and more: (You need to register to access, registration is free) Austerity and Greece ...

Stop Buying Dollars, Curb Money Supply & Inflation

The RBI is unhappy about inflation, it seems. To a large extent, inflation is caused by an increase in the money supply, largely by the central bank adding ...

Indian Private Banks – Most Expensive in Asia

A CLSA report I got by email recently had this graph which stunned me:   Sure, some of our biggest private banks (HDFC Bank, Axis) are actually growing ...

HDFC Bk and ICICI Raise Rates, CDs quoting at 10%+

HDFC Bank and ICICI Bank have both hiked up lending rates by about 50 bps, says ET. This takes ICICI’s base rate to 8.25% and HDFC Bank’s base rate ...

Bank Credit Growth at 19.5%

As on 18th June, Bank credit growth is 19.5% and the highest since Jan 2009. There will be a new data point tomorrow. Strong bank credit growth is good for the ...

Inflation at 16%, Falling Bond Yields

The wholesale price index is on fire yet again. The latest data – for May 1 – shows primary articles at 16.76% inflation, with the index widening 2.5% from ...