Bulls, Bears and Other Beasts

by Santosh Nair

‘There are plenty of rags-to-riches stories on Dalal Street that get talked about often. What does not get publicized as much are the riches-to-rags stories, which far outnumber the success stories. People get carried away, thinking it is easy to make money in the stock market, and learn the truth the hard way,’

Banks had to keep almost half of their deposits aside to meet the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) norms set by the Reserve Bank of India (RBI).

What this meant was that banks could only lend Rs 50 out of the Rs 100 they received as deposits.

‘Bhai feels the government’s decision to pledge gold shows it will go to any length, to avoid a default,’