Bad Jargon: Why You Shouldn’t Read S&P’s Reports

Posted 3 CommentsPosted in Finance

The prevalence of mark-to-market accounting, credit-default swaps, and other tools of modern finance allow risk to be repriced quickly as conditions change. This rapid repricing, paradoxically, tends to aggravate short-term instability. But drawing attention to problems as they emerge forces managers to restructure troubled portfolios or entities before dangers can reach explosive proportions and threaten […]

Spending Statistics for April, 2007

Posted 4 CommentsPosted in Finance

Summary: Miscellaneous expenses account for nearly one-third of overall expenses primarily due to a car service bill. The service was long overdue and had to be done. Hopefully, May will see a drastic cut in this category. Used my credit card for booking airline tickets to Mumbai and back (for my graduation). May should see […]

Learn Corporate Finance Online

Posted 2 CommentsPosted in Finance

One of the best resources I have ever found on the Internet is the Corporate Finance lecture webcast by Aswath Damodaran, a Professor of Finance and David Margolis Teaching Fellow at the Stern School of Business at New York University. I had Financial Management as part of my curriculum and it was one of my […]

For Public Comment: Report of the Study Group on Migration from Paper Based Funds Movement to Electronic Funds Transfer

Posted Leave a commentPosted in Finance

The Reserve Bank of India (RBI) has been taking initiatives by creating appropriate technological infrastructure to enable migration from paper based payments to electronic payment systems such as Real Time Gross Settlement (RTGS) System, National Electronic Funds Transfer (NEFT) System and Electronic Clearing Service (ECS). While doing so, RBI has been adopting international best practices […]

Know Your Rights: From May 01, 2007 Your Bank Should Compulsorily Tell You Why Your Loan Application Was Rejected

Posted 1 CommentPosted in Finance

Public Service Announcement From a recent RBI circular: Guidelines on Fair Practices Code for Lenders Earlier, Banks/FIs were advised that loan application forms in respect of priority sector advances up to Rs. 2.00 lakhs should be comprehensive and should include information about the fees/charges, if any, payable for processing, the amount of such fees refundable […]

How to Track Your Expenses?

Posted 3 CommentsPosted in Finance

Here’s an expense tracking template (Microsoft Excel workbook) I have been fiddling around with since January, 2007. It’s very simple to use and allows you to track your expenses to the rupee. Fill in the “Sources of funds” section whenever you draw cash from an ATM or bank, make a payment from your savings account […]