Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌

Sunday, November 24, 2013

CASA deposits up 33% last fiscal: RBI
MUMBAI, NOV 24:  Bank deposits grew due to 33 per cent growth in current account and savings account (CASA) in the last financial year.

“Deposits maintained growth in FY 2013 primarily with the help of revival in CASA growth, RBI said in its report ‘Trends and Progress of Banking in 2012-13’.

Bank deposits grew 15.1 per cent in FY 2013 from 14.9 per cent growth in the previous fiscal, it said.

New pvt sector banks

Revival in CASA was strong for new private sector banks, partly due to improved competition in savings deposit rate.

In FY 2013, growth in CASA deposits of new private sector banks at 18.5 per cent was the highest among all bank groups.

Share of savings deposits

The share of savings deposits for new private sector banks stood at around 25 per cent of their total deposit base and was highest among all bank groups in the fiscal.

However, the overall balance sheet growth moderated in FY 2013 due to moderation in credit demand.

“Moderation in credit growth was partly reflective of the slowdown in real economic activity coupled with increasing risk aversion by banks,” the report said.

In FY 2013, bank credit slowed to 13.6 per cent from 17.1 per cent a year earlier, the report said, adding that the credit demand slowdown was seen across all banks groups except SBI Group.

Credit-deposit ratio

Credit-deposit ratio of all banks, on outstanding basis, remained broadly unchanged at about 79 per cent.

There was slight moderation in the outstanding CD ratio for all major bank groups except for SBI and foreign bank groups, it said.

The report said banks’ net interest margins fell to 2.8 per cent in FY 2013 from 2.9 per cent a year-ago, pulling down the spread, which is the difference between the return and cost of funds, to 3.36 per cent from 3.63 per cent.

Courtesy: The Hindu Business Line