VisVoice

  Should RBI Regulate SB Interest Rate? 'CASA' is a famous term in banking that denotes Current Accounts and Savings Bank Accounts. It is famous because they are demand deposits, which comes to the banks at nil/lower costs as the customer has the right to withdraw any amount from the bank accounts (in person/cheques as well as via online) without giving any notice. Of course, different banks stipulate average minimum balance to be maintained, below which penalties will be levied. The accounts, known as operating accounts, are special for the banks in the sense that it differentiates a bank from a NBFC, which is only entitled to accept time deposits (payable after due date/compliance of certain conditions, in case of premature closure). CASA share for the banking system as a whole is estimated at 35% of the total deposits. While few banks have a CASA share of less than 30%, majority of public sector banks (PSBs) and major private sector banks have a healthy CASA share of more th...

  RELATIONSHIP STANDOFFS IN SOCIAL MEDIA Even in the start of the new millennium, e-mails and SMSs were hailed as the break through in communication among business and friend circles.  However, exchange of news and views have been revolutionized, with the arrival of social media particularly through platforms like face book, WhatsApp, Instagram, YouTube, etc.  While one can become a jack or a master in any subject just by browsing the said platforms, for those who just want to participate for fun and happiness, the multiple 'forwards' carrying  strong views and opinions becomes too many and difficult to digest even.  So more often than not, the 'forwards' find their way to the 'bins', as the brain says 'stop, enough for the day'.  But bringing in unsolicited political news/opinions through 'Forwards' and 'frank opinions' cause heartburn among a few participants, who find time to read the stuff, take it personally and seriously as it affec...