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How stock market volatility can work for you

How stock market volatility can work for you
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First Published: Mon, Apr 13 2009. 05 57 PM IST

Updated: Mon, Apr 13 2009. 05 57 PM IST
Hello everybody and welcome to our edition of Notes and Notes featuring Harish Rao, a money management coach from Bangalore. Harish also authors the extremely popular livemint blog “Simple Equation”.
In this show, Harish discusses the concept of mental accounting and how it can help you as an investor plus how you can make stock market volatility work for you.
Also stay tuned to find out why April might be the best month to begin tax saving measures.
Now for some more news from the personal finance space:
Top executives of large banks have told the Reserve Bank of India that although bad debts are manageable now, they could grow sooner than later and there’s not much room left for lower loan rates. Chief executives of large public, private and foreign banks met RBI governor D. Subbarao and three deputy governors at the central bank’s headquarters in Mumbai ahead of the central bank’s annual policy review slated to be unveiled on 21 April. RBI governor D. Subbarao has repeatedly said banks are not passing on cuts in interest rates to customers. Public sector bankers said it is difficult for them to lower rates further as they have already lowered their prime lending rates (PLR), or the rate at which they lend to their best customers, following the central bank’s policy signals.
The Indian government has asked state-run banks to review lending rates and aim for a 24% loan growth. Cabinet secretary K.M. Chandrasekhar, who reviewed the credit situation at a meeting with bankers and industrialists, said some sectors were still facing loan shortages. He said state-run banks had stepped up lending and a “growth rate of about 24% in the credit is anticipated this year”. Bank loans were up 18% by early March year-on-year, central bank data showed.
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First Published: Mon, Apr 13 2009. 05 57 PM IST