Ms. Chanda Kochhar, Joint Managing Director, ICICI Bank Limited just told CNBC there focus is on Current and Saving Accounts.
Yes, they have increase the Minimum Balance required from Rs:5000.00 to Rs:10000.00 for Savings Account.
Yes, we have closed 12 ICICI savings Account because of the above step as they treat there existing Customer as Loan Providers to operate Day to Day function of the Banks.
Three days before one of the Chennai Branch sent there customers to othe branch as they did not have enough CASH in ICICI Branches and Yes, lot of time the ATM are without CASH.
How many Savings Account they have in ICICI, 10000000 x 5000 = Huge Money
Lot of Profit there to booked in Future.
for today tomorrow is future,
for tomorrow the day after is future.
Book Profit (or) Loss Now.
Sensex will go down.
The Sensex is crashed but this Titanic is still to touch its bottom (Sea Bed).
Bhai, abhi picture baki hai.
See Sensex below 10000 in days to come.
Yes Sensex will follow Dow Jones.
Return of my money is more important than “return on my money”
The Journey was full of pain for many retail investors and more pain will be felt when we break the 10000 sensex barrier mostly in 2008 itself.
Economists say the accelerating pace of unemployment, combined with the most severe credit crisis since the Great Depression, makes the label of ‘recession’ increasingly likely.
Make no mistake about it, opposition to this bailout has grown and Washington’s lawmakers, as well as stock markets, are caught in the crosshairs. I consider this rescue package to be a necessary evil, as do many, and that it will be approved in one form or another. Stock markets exist to go up, not down. There’s nothing surprising about that and all investors — except the shorts — think the same. Economies need to be on an even keel, not enduring the spasmodic contractions and wild swings of late.
But what is also at stake here is the ideology of capitalism in which the United States has revelled to become the world’s largest consumer nation. Therein lies the contradiction.
If capitalism is allowed to work as it should, insolvent companies, and this includes financial institutions, even those that are the bedrock of the economy, should be allowed to fail without government coming to the rescue.
1. Don’t take any loans; buy homes, properties with loans, or even cash.
Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection
will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don’t believe in huge sales forecast from customers, be extremely
prudent, lowest inventories, reduce liabilities.
6. Don’t invest in new capital.
7. If you are selling homes/ properties/ cars, do it now, when you can get
good prices, they are going to fall.
8. Don’t invest in new business proposals.
9. Cancel holiday plans using credit cards.
10. Don’t change jobs, as companies will retrench based on ‘last in first
out’.
The “@” is a continuous line that winds around in a circle to create the symbol. Imagine a chair with the same feeling of the continuous looping in 3D form that allows us to sit comfortably while enjoying the design. Award winning Australian designer, Brodie Neill, uses his creative twist in design concepts to create this modern and beautiful masterpiece. The @Chair comes with full back support and a widened seat so as to create the most comforting experience for the user.
