Skip to main content

Karur Vysya Bank - Empowering Women

The Karur Vysya Bank (KVB) which is in its 92nd year of existence has been given a milestone to achieve before it touches 100 years. And this has been given by none other than the Chief Minister of Delhi, Ms.Sheila Dixit.

She has urged the bank to develop more special products for bringing more women into the fold in the banking system. Spoken like a true women, for the women of India, urging something which will be 'of the women' of India. There is no doubt that women in India, apart from the mass of them working in urban India, there are scores of them working in rural India. Women have today become a formidable workforce to reckon with. Though the disparity in payments continues to exist, they are today much better off than what they were 92 years ago, when KVB was born.

It is also equally true that money saved by a woman would be used for the entire upliftment of the household and in turn of the society. Bringing more and more women into the banking system, urging them to save, designing products to suit their needs should be a priority. And this is one fact which only a woman would realise! It's indeed good that Sheila Dixit brought this matter to the helm and hopefully, KVB would work on making special products for the women folk of India. Now that would be a landmark decision for this age old bank; indicating that it does keep up with the changing times.

Popular posts from this blog

NSE Trading Holidays 2024

 Trading holidays for the calendar year 2024. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar year 2024 as below: Muhurat Trading:  Timings of Muhurat Trading shall be notified subsequently. 

Historical BSE Sensex returns - updated 2013

We have already seen the historical returns of the BSE Sensex, which indicated an average return of about 20%  per year, despite many yearly returns varying from -20% to +60%. The following table shows BSE Sensex historical data - open, close and the yearly returns of the sensex from 2000 to 2012. There are some interesting points to note from the above table. Post 2008 crash of about 50% and 2011 negative returns of 24%, markets have given positive returns of 81% and 25%. Also the average returns for the past years is about 20% despite the markets being down 24%. The lesson is pretty much clear - long term investing pays and one need not bother too much about the ups and downs of the markets. During the past few years, the returns from investing in individual stocks have been varied.  Despite markets being at 2 year highs, only a few stocks are at similar highs, while most of them are still languishing well below their historical highs and are down anywhere between 8