New Problem for New Borrowers
In early April, the Reserve Bank of India (RBI) tightened the screws on banks through its Credit Policy and provisioning norms for loans to developers. Inevitably the extra cost was passed on to the buyer in the form of higher interest rates on home loans. Within weeks of RBI's announcement, lending institutions across the country announced a hike in lending rates, ranging between...
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  • Planted Letter

    I noticed with amusement the letter in the previous issue of MoneyLIFE. Ms Tuteja (whoever the person really is) makes references to your letters being manufactured. Does she think that letters from Aditya Puri, KV Kamath, Milind Sarwate of Marico were manufactured too? It is so obvious that her letter was motivated. It has nothing specific to say about MoneyLIFE and its various...
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  • When Markets Go Mad

    If you want to be a serious investor, start with a serious study of market history. It will surprise you how risky equities are, says Debashis Basu

    In the third week of May, thousands of housewives, college students and new part-time traders felt a rude shock. As the Sensex collapsed by over 2500 points over 10 days, there was bewilderment and panic all round. 'What was wrong? Why was the...

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