RBI's Clarification On ICICI Bank

Reserve Bank of India(RBI) on 30 th september 2008 finally came out with a clarification on the financial conditions of ICICI bank . RBI clarified that the ICICI Bank has sufficient liquidity, including in its current account with the Reserve Bank of India(RBI), to meet the requirements of its depositors. The Reserve Bank of India is monitoring the developments and has arranged to provide adequate cash to ICICI Bank to meet the demands of its customers at its branches/ ATMs.

RBI's Clarification on ICICI Bank's Financial Position

RBI must also ensure that other private bank ATM's should accept ICICI Bank debit and credit cards , which was not happening after spread of this rumour of ICICI bankruptcy and also online transaction should be back to normal .Other important aspect which RBI of India should clarify is the current financial condition of all private banks including ICICI Bank's .

ICICI Bank Bankrupt - Rumour or Truth ????

ICICI Bank is India's second-largest bank with total assets of Rs. 3,997.95 billion as on March 31, 2008 and profit after tax of Rs. 41.58 billion for the year ended March 31, 2008. The Bank has a network of about 1,308 branches and 3,950 ATMs in India and presence in 18 countries. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management.


Every thing was going great for ICICI bank untill the news of LEHMAN Brothers broke out . At this point of time things started to change for ICICI bank . People started feeling insecure about this bank and rumours started making rounds of ICICI going to be declared bankrupt . To add fuel to this fire people started speculating that the country's second largest bank had been adversely impacted by the stock market crash this week. By 29 th September 2008 news spread across INDIA like a wild fire . Almost all ATM's across INDIA had people waiting in queues to withdraw money , long queues where even found at 3 am in the morning at hyderabad. Moreover people also complained that they were unable to withdraw cash from other private banks using ICICI bank debit or credit cards. Also they were complains of unable to process online transactions . Unconfirmed news states that around 300 crores rupess has been withdrawn after the spread of this news . Despite repeated advertisements on local radio confirming the sound financial health of the bank, depositors could not be comforted.


As a result of current banking sector scenario people are switching back to nationlised public sector bank such as State Bank of India and State Bank of Hyderabad.

Finally RBI has come up with clarification on ICICI bank financial position and assured the customer that they need not panic . Its expected that after this clarification things will improve for ICICI bank and will end all the rumours that were spread across . Read the post below for further details regarding the RBI's clarification on ICICI bank

http://hydengg.blogspot.com/2008/09/rbis-clarification-on-icici-bank.html



Feel free to write your comments ............

GATE 2009 Apply Online

Indian Institute of Technology Rourkee announced that the Graduate Aptitude Test in Engineering (GATE) 2009 on February 8, 2009 from 9.30 am to 12.30 pm.


Admission to post graduate courses (Masters and Doctors) in India with MHRD and some other Government Scholarships/ Assistantships in engineering/ technology/ architecture/ pharmacy/ science is open to those who qualify in GATE.


Interested candidates may apply offline or online. For General/ OBC category candidates the application fee is Rs 1000 for offline and Rs 900 online. For SC/ST/PD category candidates, the fee is Rs 500 for offline and Rs 400 online.


Important change made to GATE 2009 is that it will be VALID for only 1 YEAR. The GATE 2009 scorecard will consist of actual marks obtained by the candidate, the GATE Score, Percentile Score and All India Rank (AIR). Scorecard will be sent only to the qualified candidates. No information will be sent to candidates who are not qualified.


Eligibility for GATE 2009:

• Candidates with qualifications obtained through examinations conducted by professional societies recognized by UPSC/AICTE as equivalent to B.E./B.Tech. Those who have completed section A or equivalent of such professional courses are also eligible.
  
• Candidates in the second or higher year of the Four-year Integrated Master's degree programme in Engineering/Technology or in the third or higher year of Five-year Integrated Master's degree programme and Dual Degree programme in Engineering/Technology.
  
• Master's degree holders in any branch of Science/ Mathematics/ Statistics/ Computer Applications or equivalent and those who are in the final or pre-final year of such programmes.
  
• Bachelor's degree holders in Engineering/ Technology/ Architecture/Pharmacy (4 years after 10+2) and those who are in the final or pre-final year of such programmes.

Those who which to apply online can go ahead  and you save money too by applying online

You can also purchase the GATE 2008 forms at hyderabad from the following state bank of India branches :

1. State Bank Of India - Begum Bazar Branch
   
2. State Bank Of India - Nampally Branch
   
3. State Bank Of India - Parishrama Bhavan Branch
   

Need any more information ? feel free to leave a comment and we will get back to to you at the earliest .

Steps To Conserve Electricity

In recent times Hyderabad drastic rise in the demand of Electricity , due high rise in the demand from the IT corridors. Adding to the problems was delayed monsoon , which resulted in power cuts across state for period of 2 -4 hours . Many Heavy duty industries also had to bare the crunch of this problem.

It has been noticed that huge amounts of electricity are wasted in every corner , right from hoardings to street lights , apartments to IT giant companies .

Well these are few small techniques which if used, can reduce the requirement and increase the profits of IT companies :

1. Make sure all monitors are switched off when not in use.
2. Make sure stand alone computers are completely switched on weekends.
3. Use a BLACK colored wallpaper and screen savers.
4. Make sure all lights are switched as soon as the last employee leaves the floor .
5. Increase the temperature of Centralized Air conditioners . Example : If its set at 18 , increase it 20 ( Even 20 will be fine in Hyderabad ).
6. Instead of ON and OFF switch , use a regulator switch . During day time , brightness of light can be reduced .
7. Use one way reflectors mirrors instead on the exteriors of the buildings
8. Plant tall trees around the surroundings which acts as insulators from direct sun rays.
9. Switch of printers and scanners when not required.
10. Encourage people to take lunch breaks at the same time , at this time AC and LIGHTS can switched off to save electricity.
11. Use Solar energy .
12. Use reflector paints on the terrace that reflects sun rays.
13. Use false ceiling made out of thermacool .
14. Disconnect speakers , web cams and other computer related devices when not in use.
15. Use mirrors to the maximum extend possible as reflect the light and thereby increase brightness of the room .
    

These are few simple techniques when employed in IT & ITES companies , can make a huge impact on the power consumption .These things can also be applied to indivual houses and computers .Well as an individual you may not be able to see the impact but if we all apply this , it can save electricity in huge quantities .

Preserve TODAY for BETTER TOMORROW .

A humble request to all the people , pass this few simple steps to all your friends .....................TOGETHER we can make a DIFFERENCE .

GATE 2009 Examination Details

The Graduate Aptitude Test in Engineering which is also known as GATE is an all-India competitive examination administered and conducted in eight zones across the country by the GATE Committee comprising faculty from Indian Institute of Science, Bangalore and seven Indian Institutes of Technology on behalf of the National Coordinating Board - GATE, Department of Education, Ministry of Human Resources Development (MHRD), Government of India.

To view the GATE 2009 results , please visit our home page .

The zones and the corresponding administrative institutes are

1. Zone 1 - Indian Institute of Science Bangalore
2. Zone 2 - Indian Institute of Technology Bombay
3. Zone 3 - Indian Institute of Technology Delhi
4. Zone 4 - Indian Institute of Technology Guwahati
5. Zone 5 - Indian Institute of Technology Kanpur
6. Zone 6 - Indian Institute of Technology Kharagpur
7. Zone 7 - Indian Institute of Technology Madras
8. Zone 8 - Indian Institute of Technology Roorkee

GATE exam is eligibility criteria for Masters In Technology (M.tech ) degree under all IIT's , Regional Engineering Colleges ( REC ) and other top universities like Osmania University of Hyderabad and others.

Details for GATE 2009

• Commencement of sale of information brochure and application forms/ online application form submission :: Mondayday 22 Sept 2008
• Last Date of issue of information brochure and application forms by post from GATE Offices :: Friday 17 Oct 2008
  
• Last Date of issue of information brochure and application forms at Bank counters ::Friday 24 Oct 2008
• Last Date of issue of information brochure and application forms at GATE office counters :: Monday 30 Oct 2008
• Last Date for Online application form submission (website closure) :: Friday 24 Oct 2008
• Last Date for Receipt of completed Offline application forms at different GATE Offices ::Wednesday 29 Oct 2008
• Last Date for Receipt of completed online application at IIT Kanpur :: Friday 3 Nov 2008
• Last date for dispatch of admit cards by the respective Institutes :: Monday 22 Jan 2009
• Date of the examination :: Sunday 08 Feb 2009
• Announcement of results :: Sunday 15 March 2009

You can also purchase the GATE 2008 forms at hyderabad from the following state bank of India branches :

1. State Bank Of India - Begum Bazar Branch
   
2. State Bank Of India - Nampally Branch
   
3. State Bank Of India - Parishrama Bhavan Branch

If you need any more details , feel free to leave a comment and we will get back to you .

Mozamjahi Market @ Hyderabad

The present Mozamjahi Market was built during the reign of the last NIZAM of Hyderabad in the year 1935 which was named after his second son . This heritage structure is splendid marvel of hyderabadi architecture . This structure has a long minaret of completely built out of stone with a inbuilt clock in it.




This structure is in the center of the hyderabad is the hub of fruit market and the 'FAMOUS' ice cream store which is indeed famous. Other attraction just opposite to this structure is the KARACHI BAKERY which is operating since decades and is very famous for its Osmania Biscuits .

Hyderabad : MMTS Train Schedule

MMTS , is the acronym (Full form or abbreviation ) for Multi Modal Transport System , this local train service is in the city of Hyderabad, India . This MMTS train service was started in the year 2003 in order to reduce the burden of city roads . Indeed these trains were able to pull up people, specially people working in and around the hitech city , madhapur started using MMTS .

For example , if you are at secunderabad and you wish to reach madhapur , the best and safest mode of transport will be this . Many people are turning towards these MMTS trains due to extremely horrible traffic conditions , specially during peak hours .

Government of Andhra Pradesh is going to start the METRO RAIL PROJECT which is anticipated to drastically improve traffic conditions of Hyderabad. But it at least take minimum of 4 years to get completed based on the progress of this project.

MMTS TRAIN FARES:

• 0 - 10 kms : 3 rupees
• 10 - 15 kms : 4 rupees
• 15 - 20 kms : 6 rupees
• 20 - 25 kms : 7 rupees
• 25 - 30 kms : 8 rupees
• 30 - 35 kms : 9 rupees
• 35 - 40 kms : 10 rupees

Most of the people wishes to use MMTS but they are unaware of its timings , if you want to know MMTS train schedule , kindly use the link below and make sure you pass on this details to friends and relatives.

MMTS TRAIN SCHEDULE

For any more general enquires call 139 from any BSNL phone.Feel free to share your views and feedback ........... using the comment option below