Consumer credit may slow down to 20-25 per cent due to rising interest rate and the base effect, ICICI Bank CEO, K V Kamath said on Monday.
"Growth has to slacken a bit. Instead of a growth of 40-45 per cent, it will now be in the range of 20-25 per cent due to base effect and interest rate," Kamath said on the sidelines of a CII function.
"The 40-45 per cent credit growth, which we saw was on small base was unlikely in the near future, he said, adding the 40-50 billion credit growth in the recent past was a reflection of base effect.
But Kamath said rising interest rate had no impact on the credit quality.
On rebalancing on lending strategies he said, that the bank had no immediate plans but it has identified the growth engines, which were rural, international and corporate banking.
To a question on the speculation of an ICICI bank stock split, Kamath said there was no plan at all and the liquidity situation was comfortable.
Courtesy : Expressindia.com
Consumer credit may slow down: Kamath
March 13, 2007, 9:23 amTo end admission blues, State Govt tables two Bills
March 13, 2007, 9:19 am
A DAY after announcing the schedule for the Gujarat Common Entrance Test (GUJCET), the State Government introduced two Bills in the Assembly on Monday, seeking to put to rest the annual uncertainty surrounding admission to professional courses. With the passage of the Bills, the R J Shah Committee would cease to exist, replaced by a new system as prescribed by rules to be framed under the new laws.
The two Bills - The Gujarat Professional Technical Educational Colleges or Institutions (Regulation of Admission and Fixation of Fees) Bill, 2007, and The Gujarat Professional Medical Educational Colleges or Institutions (Regulation of Admission and Fixation of Fees) Bill, 2007 - were presented on the floor of the House by Education Minister Anandiben Patel and Health Minister Ashok Bhatt respectively.
Among other provisions, the Bills clearly define that management quota seats in private unaided colleges would be limited to 25 per cent, including 15 per cent for Non-Resident Indian (NRI) wards. Rest 75 per cent have been defined as Government seats to be filled through merit list prepared after GUJCET. This might lead to another round of legal battle between self-financed institutions (SFIs) and the Government, said sources in the SFI managements.
The Bills, once passed into Acts, would regulate the fee structure and admissions to professional technical and medical education institutes in the State. The Bills seek to ensure that unaided educational colleges charge a just and reasonable fee. For this, an admissions committee and a fee regulatory committee are proposed in the Bills.
By bringing these bills, the Government is fulfilling Supreme Court guidelines mentioned in its judgement in the case of P A Inamdar and others v/s State of Maharashtra and others of 2005. The SC verdict had asked state governments to bring their own legislations, and pending such enactments, to set up admissions and fee regulatory committees.
In the absence of any such regulatory legislation, the Justice R J Shah Committee has been regulating the admission process and the fee structures for unaided professional technical and medical education colleges.
Under the new system, the State Government would have control over the procedure as it would nominate all members of the free regulatory committee.
Apart from the chairman (a retired High Court judge), the committee would comprise of a former Vice-Chancellor, Commissioner (Technical Education)/(Health), one representative of the unaided professional institutions, and a chartered accountant. The proposed legislations, however, do not meet the long-held demand of parents to be represented on the fee committees.
While the Bills are mum on how they would speed up system of admissions after HSC results are announced in May, officials in Health and Education Department said following the enactment of the laws, rules would be framed which would provide details of the admissions procedure to be followed.
Courtesy : Expressindia.com
The two Bills - The Gujarat Professional Technical Educational Colleges or Institutions (Regulation of Admission and Fixation of Fees) Bill, 2007, and The Gujarat Professional Medical Educational Colleges or Institutions (Regulation of Admission and Fixation of Fees) Bill, 2007 - were presented on the floor of the House by Education Minister Anandiben Patel and Health Minister Ashok Bhatt respectively.
Among other provisions, the Bills clearly define that management quota seats in private unaided colleges would be limited to 25 per cent, including 15 per cent for Non-Resident Indian (NRI) wards. Rest 75 per cent have been defined as Government seats to be filled through merit list prepared after GUJCET. This might lead to another round of legal battle between self-financed institutions (SFIs) and the Government, said sources in the SFI managements.
The Bills, once passed into Acts, would regulate the fee structure and admissions to professional technical and medical education institutes in the State. The Bills seek to ensure that unaided educational colleges charge a just and reasonable fee. For this, an admissions committee and a fee regulatory committee are proposed in the Bills.
By bringing these bills, the Government is fulfilling Supreme Court guidelines mentioned in its judgement in the case of P A Inamdar and others v/s State of Maharashtra and others of 2005. The SC verdict had asked state governments to bring their own legislations, and pending such enactments, to set up admissions and fee regulatory committees.
In the absence of any such regulatory legislation, the Justice R J Shah Committee has been regulating the admission process and the fee structures for unaided professional technical and medical education colleges.
Under the new system, the State Government would have control over the procedure as it would nominate all members of the free regulatory committee.
Apart from the chairman (a retired High Court judge), the committee would comprise of a former Vice-Chancellor, Commissioner (Technical Education)/(Health), one representative of the unaided professional institutions, and a chartered accountant. The proposed legislations, however, do not meet the long-held demand of parents to be represented on the fee committees.
While the Bills are mum on how they would speed up system of admissions after HSC results are announced in May, officials in Health and Education Department said following the enactment of the laws, rules would be framed which would provide details of the admissions procedure to be followed.
Courtesy : Expressindia.com
This mother of two faces testing times, too
March 13, 2007, 9:17 am
OF the 36,000-odd students appearing for the SSC board exams in Vadodara, over a dozen stand out. Especially those like Kanchan Rai, former BJP councillor. In her mid-40s, a mother of two sons and with a post-graduate daughter-in-law, she is appearing for the SSC board exam, having diligently studied with the help of youngsters and a tuition class in her neighbourhood. Last year, it was Chhota Udepur municipality vice-president Adam Surati who had appeared for the exams, after having been tutored by his young children. This year 19 candidates between 30 and 40 are taking exams in Vadodara region.
One of the more outspoken local female politicos, who served two terms as a councillor from Gorwa, Rai is a mother of two sons, both graduates, and has a daughter-in-law who is a post-graduate. She had studied upto Class eight when she was married off at the age of 13. “It was getting a bit embarrassing, especially when one is in public life and when we talk about women development and such stuff,” said Kanchanben.
While her family proudly stood by her, even youngsters in the neighbourhood and a tutorial class, helped her catch up with studies. Her favourite subjects are science and geography. “But I am a bit worried about English and Science. I have worked hard, there is no shame in getting educated so late,” said Kanchanben. Initially her fellow students found it strange to see her sitting amongst them, but later they were rather pleased to have a senior amidst them giving exams at this age.
Last year, it was Adam Surti, the Chhota Udepur municipality vice president who appeared and even cleared the SSC board exams, that too after being tutored by his two school-going children and also the teacher from a school, where he was the trust member.
Interestingly, this year Kanchanben is not the only senior to have appeared for the board exams. There are 19 such seniors in Vadodara district, who are appearing for SSC board exams. According to many, this is an encouraging trend, and only points to the increasing awareness about education.
Courtesy : Expressindia.com
One of the more outspoken local female politicos, who served two terms as a councillor from Gorwa, Rai is a mother of two sons, both graduates, and has a daughter-in-law who is a post-graduate. She had studied upto Class eight when she was married off at the age of 13. “It was getting a bit embarrassing, especially when one is in public life and when we talk about women development and such stuff,” said Kanchanben.
While her family proudly stood by her, even youngsters in the neighbourhood and a tutorial class, helped her catch up with studies. Her favourite subjects are science and geography. “But I am a bit worried about English and Science. I have worked hard, there is no shame in getting educated so late,” said Kanchanben. Initially her fellow students found it strange to see her sitting amongst them, but later they were rather pleased to have a senior amidst them giving exams at this age.
Last year, it was Adam Surti, the Chhota Udepur municipality vice president who appeared and even cleared the SSC board exams, that too after being tutored by his two school-going children and also the teacher from a school, where he was the trust member.
Interestingly, this year Kanchanben is not the only senior to have appeared for the board exams. There are 19 such seniors in Vadodara district, who are appearing for SSC board exams. According to many, this is an encouraging trend, and only points to the increasing awareness about education.
Courtesy : Expressindia.com
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