Fascinating Facts about Finance and Investing

Take a look at the set of interesting facts about money and investing which you may not be aware of:

  • According to the forecast of Asian Development Bank (ADB), Indian Economy is expected to grow at 7.8 in the FY 2015 -16 and 8.2 in the FY 2016 -17.
  • The Karnataka state in South India is known as the cradle of Indian banking.

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  • A popular Wall Street saying goes like this: “Never tell anyone on Wall Street your problems. Some don’t care. Most are glad you have them”.
  • The note with the highest value printed by Reserve Bank of India was the Rs.10,000 note in 1938.
  • The Bombay Stock Exchange that was established in 1875 did not have a stock index and only on 1986 the Bombay Stock Exchange introduced Sensex.
  • The first Indian owned bank was the Allahabad Bank which was set up in 1875, also known as the oldest joint stock bank of the country.
  • India is the ninth largest economy in the world based on nominal GDP and the third largest by purchasing power parity.
  • Do you know why coins have ridges on the ends? It is to prevent counterfeiting.
  • Warren Buffett’s net worth of $63.3 billion is greater than the combined 2013 GDP of Ghana and Cambodia.
  • 99% of Buffet’s wealth was earned after his 50th birthday.
  • Market Capitalization of listed Indian Companies has accelerated from 6 lac crores to 94 lac crores in 2015.


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