NaAtMaD – News and Articles that Make a Difference

News, Articles, Announcements, Reports related to Indian Economics and Corporate World

Volume Shockers – NSE

Posted by Manish Agrawal on Thursday, 11 December, 2008

Check out stocks that are witnessing a huge surge in volumes traded today as compared to their 5-day average traded volume. You can even modify the search to change the number of days or percentage change in volume, or limit it to any particular BSE group of stocks or sector. Read the rest of this entry »

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Price Shockers – NSE

Posted by Manish Agrawal on Thursday, 11 December, 2008

Check out stocks that have seen a huge spurt in its share price over the last three days. You can even modify the search to view the major gainers over the last 3, 7, or 15 days. You can filter out stocks accordingly to see only those stocks quoting above a certain price or have gained at least a certain percentage. You can restrict the search to any particular BSE/NSE group of stocks or sector. Read the rest of this entry »

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Above 52 Week Lows

Posted by Manish Agrawal on Thursday, 11 December, 2008

 View the top 100 stocks that are trading close to their 52-week lows or have bounced back the most from their 52-week lows. Also compare stocks within any sector and see how they have performed. Read the rest of this entry »

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Off 52 Week Highs

Posted by Manish Agrawal on Thursday, 11 December, 2008

View the top 100 stocks that have fallen the most from their 52-week highs or are trading close to their 52-week highs. Also compare stocks within any sector and see how they have performed. Read the rest of this entry »

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Intraday Block Deals

Posted by Manish Agrawal on Thursday, 11 December, 2008

Get a list of all stocks on the BSE and NSE that have witnessed block deals during the day (Live Prices – Delayed Feed) as and when the deal is struck. You can view the company, number of shares, rate and time at which the deal was done, as well as the value of the transaction for each such high value deal. Read the rest of this entry »

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Fall from Intraday High

Posted by Manish Agrawal on Thursday, 11 December, 2008

Check out the companies that have fallen off sharply from their Intraday Highs. You can also see how the Sensex, Nifty, or any other index stocks have performed today. Read the rest of this entry »

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Low From Intraday

Posted by Manish Agrawal on Thursday, 11 December, 2008

Check out the companies that have fallen off sharply from their Intraday Highs. You can also see how the Sensex, Nifty, or any other index stocks have performed today.
Read the rest of this entry »

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Your credit card may have terror cover

Posted by Manish Agrawal on Thursday, 11 December, 2008

The kin of those killed in terrorist attacks such as the recent one in Mumbai may want to double-check victims’ credit cards for personal accident cover.

Terror attacks are automatically included in policies that cover “death due to any cause” and claims by beneficiaries must be honoured, the insurance regulator and card issuers say. Read the rest of this entry »

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Home Loan May Be Cut, RBI To Ease Risk Norms

Posted by Manish Agrawal on Thursday, 11 December, 2008

 State-owned banks are planning to cut rates on small-ticket home loansby up to 300 basis points by Friday, as RBI separately considers ways to help the banking sector make small home loans available at cheaper rates and relaxed norms, bankers said. 
“We have decided to bring down interest ratesfor loans up to Rs 20 lakh by 200 basis points while loans up to Rs 5 lakh would be cheaper by 300 basis points,” UCO Bank chairman and managing director SK Goyal told ET. 

Oriental Bank of Commerce (OBC) and Bank of India are also considering rate cuts by the end of this week, officials told ET, although the extent could vary significantly. The planned cuts will bring down rates for home loans up to Rs 20 lakh to between 8% and 10%. Nearly 80% home loans are below this amount. 

Meanwhile, RBI is likely to lower risk weightages for home loans of up to Rs 20 lakh, according to government officials and bankers with knowledge of the central bank’s thinking. Banks have to assign credit risks to all their assets, which vary between 0% and 100%, depending on the asset’s risk. Based on the risks, they have to maintain minimum capital. A lower risk weightage will allow banks to give more loans without raising more capital. 

A finance ministry official, who asked not to be named, said RBI could also ease provisioning norms in case of small housing loans. Banks have to keep certain moneyaside — known as capital adequacy ratio, or CAR, in banking parlance — for every loan. Currently, the CAR is set at 9%, which means for every loan of Rs 100 that carries 100% risk, banks have to keep aside Rs 9 as capital to cover the risk. 

“In case of housing loans, at present, RBI prescribes a risk of 75%. We expect that the central bank may reduce this to 50% for loans up to Rs 20 lakh,” said OBC executive director SC Sinha. This will mean that banks will need to set aside a smaller amount of capital to protect against defaults. Several banks are also likely to reduce the amount of margin money that customers need to put up for loans up to Rs 20 lakh, government officials said. For the past few months, banks have sought anywhere between 20% and 25% of the house’s value as margin from customers before approving loans. This could come down by 5 percentage points, and banks will be able to lend up to 85% of the house’s value. RBI is expected to come out with final guidelines on this issue by next week. 

Banks such as SBI had increased the requirement of margin money for housing loansin October in the wake of a shortage of liquidity in themarket. “The finance ministry and RBI have taken enough steps to ease liquidity conditions in the market…In such a situation, it is desirable that banks should bring down the margin requirement. However, the final decision rests with individual banks,” said another finance ministry official, who also did not wish to be named. 
In a fiscal stimulus package announced earlier this week, the government had said it would take steps to ensure cheaper housing loans for small borrowers. It is expected that public sector banks (PSBs) will come out with relaxed rules for home loans up to Rs 5 lakh and those between Rs 5 lakh and Rs 25 lakh.

Source Link : http://economictimes.indiatimes.com/Personal_Finance/Loan_Centre/Home_Loans/Home_Loans_News/Home_loan_rates_may_be_cut_RBI_to_ease_risk_norms/articleshow/msid-3821103,curpg-1.cms

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IIM-A entry’s tougher than Stanford, Harvard

Posted by Manish Agrawal on Wednesday, 10 December, 2008

 Is the Indian Institute of Management, Ahmedabad (IIM-A), the country’s premier business school, better than the best international management schools like Stanford or Harvard when it comes to the executive management programme? The answer is yes if the comparison is based on the GMAT scores required for admission. Read the rest of this entry »

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