Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
When banks deposit their money with RBI, the central bank offers government securities of equal value. But now, it could be running out of enough securities to offer banks against the overnight deposits.
'There has to be an 18-month transition.' 'But if the government had some prior knowledge that the high value notes were being used for an imminent terrorist activity in the country, then we have to accept the step.'
With about 2,000 qualified engineers to service ATMs across the country, it is an uphill task to modify 220,000 machines.
The first tranche was raised a few weeks ago and the company was looking to raise more if needed.
Will demonetisation lead to a rate cut, leading to higher quantum of lending?
How investors can tweak their fixed income investments to earn more in the current environment.
A government can't just take away public money, and the RBI can't extinguish its liability. 'The RBI has to honour the value any time a person with legal and taxed money lays claim on the value.'
If RBI has to replace the entire stock of Rs 1,000 and Rs 500 notes with Rs 100 ones, the cost would be more than Rs 10,000 crore.
Even if RBI partially replaces the stock of the high value notes, RBI will have to incur thousands of crores of rupees in cost, say economists.
Arundhati Bhattacharya, chairman of country's largest lender State Bank of India said demonetisation of high value notes won't be a problem as the bank has done it before.
Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
Banks and insurers are beginning to reward customers who show exemplary conduct with lower prices and penalise those who behave poorly by imposing higher costs.
While your insurer will help you open an e-insurance account at the time of buying a policy, existing policyholders must do so themselves
Read the investor-developer agreement carefully before signing the cheque
After retirement, the pressure on finances increases in the absence of regular income. Here are a few suggestions to ensure a smooth post-retirement life
Since there are many and complicated choices, retail investors stand to benefit
Lower inflation, FCNR(B) outflows likely to influence central bank decision
Those looking to take advantage of current market conditions should buy only after conducting due-diligence.
