Rally in bank stocks may have run its course Economic Times
20.04.10
MUMBAI:
Bank shares rose on Tuesday after the Reserve Bank of India (RBI) raised key
policy rates lesser than what analysts expected it to. However, market watchers
expect the stocks to underperform in the short term, as the unexpected 25 basis
point hike in the cash reserve ratio (CRR), will leave banks with lesser money
to lend. CRR is the zero-interest deposits that banks keep with
RBI.
The BSE Bankex, which represents the banking sector, gained 1.5%
over its previous close to finish at 10679.61. In comparison, the broad-based
30-share Sensex surrendered early gains to close at 17,460.58, up 0.3% over the
previous close. Shares of State Bank of India rose 3.2% to close at Rs 2,098.05
and were the best performers in the sector.
RBI in its monetary
policy review, raised the repo and reverse repo rates by 25 basis points each.
Repo is the rate at which banks borrow from the RBI and reverse repo is the rate
at which banks lend to RBI.
Some analysts feel banks may
Source:
Things to Remember When Buying Life Insurance Texas
This is my first time to buy life insurance. I’ve already called a few life insurers here in Texas but I’m not sure if I’m doing enough. How do I buy life insurance coverage effectively?
Jack
Corpus Christi, TX
Good question.
There are many ways to buy life insurance nowadays, so you are no longer limited to having to deal with insurance agents or brokers. In fact, the only things you’ll really need to find the best life insurance Texas rates and policies is a computer and Internet connection. Thanks to life insurance comparison websites, you can get the latest rates and with a wide selection of life insurers to choose from.
Life insurance comparison websites are dedicated online portals. They can effectively help you find the most-competitive policies. You also save time and effort since information is readily available. A lot of people prefer to compare rates themselves instead of being told to buy a certain policy by someone else.
Also, here are some additional tips that can maximize your chances of getting the best life insurance policy the first time around:
1. Make sure you buy the life insurance policy that suits your needs. Temporary coverage or Term life is available if you just need life cover for a specific number of years. Permanent or whole life may be expensive at first but an accumulate value and be worth a lot in the future.
2. Most of the time purchasing a higher coverage can lead to lower rates. Also, setting up an annual payment plan can actually reduce the total cost of your life insurance annually.
3. Don’t forget to ask about discount options. This is very advisable especially to seniors who may qualify for AARP, retired military, or other types of senior discounts.
Source: Texas Life Insurance - Life Insurance Texas
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