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Repo cut: India Inc sceptical


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Tuzya
RBI is the the Biggest Chor!
by Tuzya on Oct 22, 2008 06:09 AM

RBI a private bank unlike feds in usa...sab chor hain saale!!

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aniruhd kaushik
Re: FOLKS , After SENSEX ,I CAN SEE some strong correction in the real estate market as well..
by aniruhd kaushik on Oct 21, 2008 12:53 PM
You are perfectly right in your analysis. Many big real estate developers are going to get bankrupt soon.

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sumit batra
Re: FOLKS , After SENSEX ,I CAN SEE some strong correction in the real estate market as well..
by sumit batra on Oct 21, 2008 08:52 PM
Yes, it can go more than 50%. All depends on how deep the global recession is. The sensax resistance is at 8000 and followed by by strong resistance at 6000, but can go 3000 if global recession deepens. S&P will go 500

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jayaram shastri
why don' t banks reduce intrerest rates?
by jayaram shastri on Oct 21, 2008 11:54 AM

Banks immdly increase floating interest rates when RBI increased repo/CRR rates. but now when RBI has decreased the repo/CRR rates and increased liquidity. The banks drag their feet in reducing home loan rates because " ALL THE HOME LOAN TAKERS CANNOT DO ANYTHING" . THEY ARE STUCK WITH THE LOAN FOR LONG PERIOD some as long as 20 years. Banks also have strangulated the borrower by keeping very high pre-closure penalty/(whatever nomenclature)& thus not allowing easy change of home loan account from one bank to other.
Its 21st century shylock story.

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aniruhd  kaushik
All these measures have a temporary impact only
by aniruhd kaushik on Oct 21, 2008 11:53 AM

Market (Sensex) will appear to go up from November onward but by mid-November onward market will crash once again and by mid-Dec 2008 Sensex will reach around 8000 points.
Crude oil will fluctuate in between 60$ to 80$ per barrel.

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Pankaj Tatar
Banks will not pass benefit to customers.
by Pankaj Tatar on Oct 21, 2008 11:32 AM  | Hide replies

When RBI increases CRR and Repo to deal with inflation, Banks increased lending rate. Existing floating home loan customers are paying 12.5% interest. Why Banks are not reducing lending rates after CRR and Repo rate cut. Bank increased home loan rate to 0.5% after every increase of 0.25% repo rate and 0.5% CRR. why reverse is not happening? Banks like ICICI, HDFC are cheating to existing customers.

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Blogger
Re: Banks will not pass benefit to customers.
by Blogger on Oct 21, 2008 11:46 AM
They are the born cheaters. HDFC a little fair, as they passed on the rate cut to customers by 0.25%. But ICICI is sucker....they want to make the losses what they are incurring from other defaulters. Actually we all should start default....then only these shameless banks will come down.


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Bob Seth
Ban it before it is too late.
by Bob Seth on Oct 21, 2008 10:34 AM  | Hide replies

To restore normalcy to Indian stock markets and Indian economy, ban short selling by retail and FIIs in the Indian cash and derivatives market. Ban it before it is too late.

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nimit patel
Re: Ban it before it is too late.
by nimit patel on Oct 21, 2008 10:54 AM
The only thing why they are not ban on short selling is, they are earning brokrage on rate of 0.025% on intraday...

when this amounts reach in crores this small 0.025% become much more

suppose 20,000 cr rs short sale is there... so obviously buying will take place at end of the day?

so it will be 40,000k crore...

but we consider jsut 20k crore multiply with 0.025% = 5 crore rs a day.... is it small amount???

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nimit patel
india shining because of BJP
by nimit patel on Oct 21, 2008 10:24 AM  | Hide replies

1997 repo rate was 10% which NDA govt brings down to 6% in 2003 .... from 2004 this Congress govt increase lending rate and reached it to 9% in 2008 which make corporate less growth....

from 2004 india got 8% GDp because of whom??? that BJP who make lending rate down...

CRR was 9.5% in 1997 whcih BJP bring down to 5.5% in 2003, which this congress govt again increase to 9% and now bringing down to 6.5% but now its too late...

in 1997 SLR was 25% which BJP bring to 21-22% in 2003/.... and this govt again takes it to 25% in 2008...

now u tell me that if india need to grow... is it possible this congress govt come in action in 2004 and in 1 yr they gave GDP 9% growth???

no its nothing ,,., it was BJP who work good for 7 Years... and when country and corporate start running this congress govt just earning money from last 4 yeras and no work done....

BJP presuure work in infra... electricity and many other area which this govt not did...

total power sector boom from 2002 is good workl of BJP...

Great infra story of india done by BJP../.

and this govt takes interest rate from 7% to 12% for housing.....

this is the worst ever govt of india...

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cynic
Re: india shining because of BJP
by cynic on Oct 21, 2008 11:10 AM
it is not BJP, it is only Vajpayee, RSS was against all reforms.

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nimit patel
Re: india shining because of BJP
by nimit patel on Oct 21, 2008 11:14 AM
whatever, but they done it or not ???

importance is people are still feeling 9% GDP is worked by congress....

no one want to understand that in 1 year u cant change much thing in economy which can reac growth from 6 % to 9%....

the thing is in their 7 yeras... BJP really done good work... which people are not recognizing...

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Vishwas kulkarni
repo cut
by Vishwas kulkarni on Oct 21, 2008 10:19 AM  | Hide replies

hope the banks carry this forword to consumers

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rexberry
Re: repo cut
by rexberry on Oct 21, 2008 10:21 AM
no they wont do it immediately... but if there is a increase the next day u will find the increase in your home loan EMI... Banks shud be fined if they wont do it immediately

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Benny Joseph
Re: repo cut
by Benny Joseph on Oct 21, 2008 10:30 AM
I fully agree with u man.
Even political parties are not interested to pressure banks to decrease the balooned interest for personal & home loans, customers to think to start protest against these banks. (They are yet to pass on the benefit of 2.5% cut in CRR and 100 points cut in REpo)

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sunil jagtap
Re: repo cut
by sunil jagtap on Oct 21, 2008 11:40 AM
I agree. Even RBI is reducing the rates but not forcing on banks to do the same. The extra money which banks will get will be used to increase new customers with attractive rates but what about the others. RBI must be strict about these interest rates.

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