Boletín de Nueva Tribuna
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2092013
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President Obama’s Decision on Syria
2092013 | Saturday, August 31, 2013 | ||||||||||||||||||||||||||||||||||||||
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Indian Banking Meltdown Worst in The World
2092013
Indian Banking Meltdown Worst in The World – Exclusive
Sepember02, 2013
Sepember02, 2013
It was surprising RBI governor has 5 year tenure like CAG and India
appoints an IDIOT it is 420 weekly tragedy. RBI is monitoring banks on
weekly basis.
appoints an IDIOT it is 420 weekly tragedy. RBI is monitoring banks on
weekly basis.
But unlike in USA where Credit to Housing led to Meltdown, India was
Inverse – Credit to Industry was ILLEGALLY diverted to Real Estate or
similar investments. There may not be US like Collapse here but is
even More DAMAGING – resulting in Industry & Manufacturing Decline and
Sharp increase in IMPORTS.
Inverse – Credit to Industry was ILLEGALLY diverted to Real Estate or
similar investments. There may not be US like Collapse here but is
even More DAMAGING – resulting in Industry & Manufacturing Decline and
Sharp increase in IMPORTS.
Slow down in Growth Rate when India expect Manufacturing and Indusry
to contribute over 15% growth – it is almost zero in many sectors is
Banking Failure – every transcation of coompanies is through Banks
therefore trackable.
to contribute over 15% growth – it is almost zero in many sectors is
Banking Failure – every transcation of coompanies is through Banks
therefore trackable.
What is even most shocking is that D Subbarao was appointed in 2008
just when sub prime crisis in USA had triggered meltdown of banking in
most industrial countries hat have private banking.
just when sub prime crisis in USA had triggered meltdown of banking in
most industrial countries hat have private banking.
But thanks to Indira Gandhi Indian banking is largely State Owned and
under close watch and conrol of RBI.
under close watch and conrol of RBI.
In the above RBI tables it is obvious Credit to Industry was up six
fold in first eight years of UPA rule – 8 fold at the end of his term,
and doubled in first three years of D Subbarao tenure and Three Fold
in five years but there is no corresponding increase in Capacity
Additions and Revenue & Profits.
fold in first eight years of UPA rule – 8 fold at the end of his term,
and doubled in first three years of D Subbarao tenure and Three Fold
in five years but there is no corresponding increase in Capacity
Additions and Revenue & Profits.
Fact is imports growth matched Credit Growth to Industry therefore
India was during his IITian turned Economist turned Finance Secretary
turned RBI governor – it was OBVIOUS money was not getting invested in
factories but fake Companies.
India was during his IITian turned Economist turned Finance Secretary
turned RBI governor – it was OBVIOUS money was not getting invested in
factories but fake Companies.
This Indian Banking Meltdown is worst in the world.
Function of RBI is to monitor IMPLEMENTATION OF BANK CREDITS FOR THE
DESIRED PUPOSES.
DESIRED PUPOSES.
Persons with following Biodata are considered IDIOTS.
With computerized Banking RBI should be able to Monitor REAL TIME
INVESTMENT in Plant and Machinery of all Medium and Large Industries.
INVESTMENT in Plant and Machinery of all Medium and Large Industries.
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2092013
July 2013 Gross Bank Credit grows at 14.6%
On a year-on-year basis, gross bank credit increased by 14.6% in July 2013 as compared to 13.1% in June 2013. Food credit increased by 5.7% in July 2013 as compared with 3% in June 2013 and non-food bank credit increased by 14.8% in July 2013 as compared with 13.4% in June 2013.
The credit to NBFCs increased by 5.4% in July 2013 as compared with 1.9% in June 2013. The credit to agriculture increased by 10.5% in July 2013 as against 9.9% in June 2013.
The gross bank credit stands at Rs. 50,883 billion as on July 2013 as compared to Rs.44, 393 billion as on July 2012.
Monthly trend in growth of gross bank credit (%) (YoY)
Source: PHD Research Bureau, compiled from RBI
Credit to industry increased by 15.9% in July 2013 as compared to 14.1% during June 2013. The acceleration in credit growth to industry in the month of July 2013 was observed in all the major sub-sectors, food processing, gems & jewellery, cement & cement products, wood & wood products, infrastructure, chemical & chemical products, metals, paper, textiles, leather & leather products and beverages & tobacco.
The services sector credit increased by 13.3% in July 2013 as compared with 12.1% in June 2013. Personal loans increased by 17% in July 2013 as compared with 15.6% in June 2013. Growth in the components of personal loans in July 2013 stood at housing (18.4%), advances against fixed deposits (17.2%), advances to individuals against shares, bonds, etc. (12.5%), education (8.9%) and vehicle loans (23.4%).
Deployment of Gross Bank Credit by major sectors (Rs. Billion)
Sector
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June
2013*
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July 2013**
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June 2013^ (Y-O-Y growth)
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July 2013^^
(Y-O-Y growth)
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(%)
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(%)
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Gross Bank Credit
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51019
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50883
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13.1
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14.6
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Food Credit
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1101
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988
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3.0
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5.7
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Non-food Credit
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49918
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49894
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13.4
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14.8
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Agriculture & Allied Activities
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6051
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6027
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9.9
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10.5
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Industry (Micro & Small, Medium and Large )
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22820
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22774
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14.1
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15.9
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Services
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11699
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11671
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12.1
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13.3
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Personal Loans
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9348
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9423
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15.6
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17.0
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Priority Sector
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16105
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16283
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14.7
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16.3
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Source: PHD Research Bureau, compiled from RBI
Note: Data are provisional and are collected on a monthly basis from select 47 scheduled commercial banks accounting for
about 95% of the total non-food credit deployed by all scheduled commercial banks;
* Data pertains as on June 28, 2013, ** Data pertains as on July 26, 2013, ^Data pertains as on June 28, 2013 over June 29, 2012
^^ Data pertains as on July26, 2013 over July 27, 2012
Warm regards,
Dr. S P Sharma
Chief Economist
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Quake M6.1 – BOUGAINVILLE REGION, PAPUA NEW GUINEA
2092013
Preliminary Earthquake Report
Magnitude 6.1
Date-Time
2 Sep 2013 04:30:18 UTC
2 Sep 2013 15:30:19 near epicenter
2 Sep 2013 08:30:18 standard time in your timezone
Location 6.565S 155.058E
Depth 49 km
Distances
54 km (33 mi) WSW of Panguna, Papua New Guinea
65 km (40 mi) SW of Arawa, Papua New Guinea
394 km (244 mi) SE of Kokopo, Papua New Guinea
555 km (344 mi) ESE of Kimbe, Papua New Guinea
625 km (387 mi) WNW of Honiara, Solomon Islands
Location Uncertainty Horizontal: 12.2 km; Vertical 2.5 km
Parameters Nph = 109; Dmin = 414.0 km; Rmss = 1.22 seconds; Gp = 18°
Version = 9
Event ID us b000jez7
For updates, maps, and technical information, see: Event Page or USGS Earthquake Hazards Program
National Earthquake Information Center
U.S. Geological Survey
Magnitude 6.1
Date-Time
2 Sep 2013 04:30:18 UTC
2 Sep 2013 15:30:19 near epicenter
2 Sep 2013 08:30:18 standard time in your timezone
Location 6.565S 155.058E
Depth 49 km
Distances
54 km (33 mi) WSW of Panguna, Papua New Guinea
65 km (40 mi) SW of Arawa, Papua New Guinea
394 km (244 mi) SE of Kokopo, Papua New Guinea
555 km (344 mi) ESE of Kimbe, Papua New Guinea
625 km (387 mi) WNW of Honiara, Solomon Islands
Location Uncertainty Horizontal: 12.2 km; Vertical 2.5 km
Parameters Nph = 109; Dmin = 414.0 km; Rmss = 1.22 seconds; Gp = 18°
Version = 9
Event ID us b000jez7
For updates, maps, and technical information, see: Event Page or USGS Earthquake Hazards Program
National Earthquake Information Center
U.S. Geological Survey
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