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 Unconfirmed news states that around 300 crores rupess has been withdrawn after the spread of this news .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 .