Comments on: Some good news for savers

By: Interest rate on your savings account may go up

Interest rate on your savings account may go up — Wed, 23 Jun 2010 09:36:21 +0000

[...] A few months ago RBI mandated that all banks pay a interest rate of 3.5% on daily balance of savings accounts. [...]

By: Manshu

Manshu — Fri, 26 Feb 2010 03:25:51 +0000

@FS: Right now in Indianapolis, but I am originally from Delhi.

By: Financial Samurai

Financial Samurai — Fri, 26 Feb 2010 03:17:59 +0000

Very interesting! Maybe I’m just talking to a wrong sample set of people. Where are you based? I enjoyed my visit to Mumbai, Delhi, Agra, and Hyderabad!

By: Manshu

Manshu — Thu, 25 Feb 2010 17:20:50 +0000

Actually retail participation in equity is quite low in India. People tend to save quite a bit but avoid equities for the most part. In fact, SEBI – the market rgulator (much like SEC) – ran some sort of program last month where they tried to teach school students the virtues of saving, investing in the stock market etc.

By: Financial Samurai

Financial Samurai — Thu, 25 Feb 2010 15:21:13 +0000

Cool. Yeah, I enjoy studying international markets and understanding as much as I can.

Good for Indian savers, but the equity culture seems so strong in Indian that perhaps it’s not enough to entice people to save.

Inflation needs to be contained, as food prices seem to be running at 20% and out of control!

By: Manshu

Manshu — Thu, 25 Feb 2010 15:08:44 +0000

I just read about this day before yesterday so I must be really behind the times

By: Indian Thoughts

Indian Thoughts — Thu, 25 Feb 2010 06:51:37 +0000

I am eagerly waiting for april since last october when I first read the news

By: Manshu

Manshu — Thu, 25 Feb 2010 03:53:54 +0000

You are spot on buddy. I am surprised you have such a keen eye on the Indian market

By: Financial Samurai

Financial Samurai — Thu, 25 Feb 2010 03:37:09 +0000

Looks like HDFC raised deposit rates, which means so should the other banks to attract deposits! Axis looks good, whatcha think?