CNBC-TV18 Explains: The Hunger For Bank Deposits | N18V | CNBC TV18

[@prasadmekkineni2745]

Ask honourable FM to make FD interest as tax free returns for all and see the growth in Deposits growth

[@ArnavSingh-wk9fs]

Impossible task.

[@neetsabhi416]

Atleast make it 12.5 percent

[@BharathkumarYadav143]

She will try to impose some new taxes rather than reducing

[@vikramkumarp]

Atleast should give 1 lak interest tax exemption

[@Theonadj]

She will increase tax on bank savings and say we simplified tax structure

[@djdeej.]

Been a fan for years. This lady needs her own show... daily... one hour! Best anchor+economist+analyst.

[@NitinKapgate]

You mean the dumbest anchor in finance journalism?

[@vuttuon]

Yes confident economic presentation as a professional. 👍

[@aravindakumar1549]

Agreed

[@ashokanand5423]

I am a senior citizen, government takes away 40 percent of my fixed income by way of various taxes. To reduce my tax liability, I have withdrawn the FDs and invested in blue chips where my investment is increasing at higher rates than FD and not taxed. Do you understand this Lata. Government needs to consider tax on interest income.

[@tp7063]

The moment you decide to withdraw any of your "blue chip funds" you'll be taxed @12.5% on the profits for LTCG. So yeah, either way the govt is gonna get its cut.

[@cooldharan]

Markets can't grow 30% every year.

[@llawliet365]

​ @tp7063 Still the net gain would be much more by investing in blue chips than doing FD. Here's an example below: 1 Lakh invested in blue chip with a CAGR of 12% for 20 years would give total 9.65 Lakh. Profit = 8.65 Lakh ; 12.5% LTCG = 1.08Lakh ; Net gain = 7.57 Lakh ; Total Corpus = 8.57 Lakh. 1 Lakh FD with interest rate of 7% CAGR for 20 years Profit = 2.87 Lakh ; 10% TDS = 0.28 Lakh; Net gain = 2.59 Lakh; Total Corpus = 3.59 Lakh.

[@jamalm1372]

Senior citizens should be given exemption on FD interest

[@praveen1068]

​@@jamalm1372 Everyone is suffering with Tax rules. why only the Senior citizens?

[@mandarp9472]

Real inflation is 8%. Why would people keep money with deposits giving 7% pre tax returns.

[@chirag9754]

Abee no Inflation is not 8 % in prev year it was 5.4% on average FD are still profitable obviously not as lucrative as MFs but but MFs are being killed by Govt itself with bullshit taxes

[@shrikanthpai6604]

In which world is Indias real inflation 8%.

[@craigslist1323]

@@shrikanthpai6604in real world. Go tell your house owner to increase rent by 4%, he will laugh his ass off and kick you out

[@arrshath]

Inflation data are manipulated! Reality is brutal

[@HarishMS-h3o]

Oh damn. So you have technique to beat 8% inflation

[@Simboy93]

What's the point of gaining returns on deposits if you have to pay 30% tax on it.

[@PrapullSharma]

💯

[@vsk5573]

Is it 30% or 10% above 40000 per year?

[@Simboy93]

@@vsk5573 TDS is 10%. You have to pay the rest when filing taxes.

[@nirmalsahoo1234]

Nobody is telling the real story behind the situation. I hope I made some valid points. 1. People save where there are good exits. Banks have made so many restrictions and limitations on cash withdrawal or money transfer that people feel good to keep cash at their home rather than keeping in bank account. 2. The main point is bank people are forced by their management to sell life insurance, mf sip and lump sum instead of deposit product merely because of the interest of their management as the management gets a good amount of commission from cross selling companies. 3. It's like doing two opposite tasks at the same time . Staff are told to promote both deposit and insurance products at the same time. It's the bank that is ruining its deposit portfolio by promoting the insurance and mutual fund industry merely because of the commission from these companies. Nobody tells the reality 😅

[@BharathkumarYadav143]

Adding to your 1 point not only withdraw for deposit also they impose restrictions. I used to have a union bank account and decided to deposit 1lakh and deposited in account 50rs+gst deducted from my account ban official informed later that I can deposit only 50k per day if that limit exceeds i need to pay 50rs+gst as minimum charge, even if my deposit amount is 50001 also i need to pay 50+gst. I don't understand the logic as I am giving business to the bank by depositing my hard earned money, bank will do business with that money. I don't even understand why should I pay charge for depositing the cash and that with Gst Next month only i closed the account and opened account in another private bank as there is no limitations on deposit.

[@sanketnegi1]

​@@BharathkumarYadav143I think in US roo this thing happens.. You pay the bank money to keep your money and have all transaction options and services

[@indian_realestate_videos]

Point blank truth❤❤

[@umeshkumarreddy]

@@BharathkumarYadav143For cash deposits they charge it for handling cash. For online transfer its not there. Might be to discourage cash transactions.

[@BharathkumarYadav143]

@@umeshkumarreddy Might be but it should not be just 50k limit right per day. Leave it about me if I can do online transaction i can get it done but what about the people who don't have that chance and if they are depositing still bank charging 50rs+Gst is not right thing to do. Many other private banks offers more than 50k deposit limit, if they follow this kind of rule not discouraging the cash transaction they discouraging doing banking with them.

[@Utopia383]

Nirmala is a curse upon the middle class

[@Dragonbhat]

Rakshasi doesn't mean demon. A human being doing evil to others is also a rakshasi. Blood duckers they are called.

[@santanodcosta3360]

She is a curse to the whole country....an unelected arrogant blood sucker ruining the country's finances.

[@rampcool]

What an explanation! Loved the simplicity

[@naga2025]

So far I thought people are moving towards mutual funds that's why this issue happened but actual issue is Cash leaking as black money. Money which is never coming back to banks

[@ashokanand5423]

People forced to withdraw to pay huge cash, for property transactions across India.😮😮😮

[@sreenathgopinathan4002]

Government of India should bring about another round of demonetisation

[@prakashkrsoni]

​@@sreenathgopinathan4002😂

[@sureshgk-jg1ut]

1.Bank interest rates should revised to 10 % per annum 2.Tax free should be there for fd 3.Min 25 lac should be insured with deposit corporation

[@Oceansta]

totally tax free might not be realistic but a very nominal tax rate on FDs is required. FDs giving total net lower returns adjusted for inflation makes no sense.

[@sureshgk-jg1ut]

@@Oceansta no one I'll show interest Now trend was towards - mf, crypto, precious metals, Aif, startup investments, cross broader Investments it's going lyk that it's the initl stage for banks they I'll struggle more than this in future ....

[@alagusankar9990]

If banks give out 10% FD rates, they can't finance loans like Motor loan and home loan at 8%. Loan rates will obviously increase by atleast 4 to 5%

[@prakashkrsoni]

+No fine if we are not able to maintain a minimum account balance.

[@sureshgk-jg1ut]

@@alagusankar9990 depositors are more aware now a days so for 7-8 % no one I'll do fd hereafter then even motor loan n home loan was not possible at any cost

[@rakeshkhurana-n3r]

Pls tell RBI and FM to make FD intrest as tax free returns for senior citizens..they will full the bank chest and will stop buying mutual funds,shares or crypto.. Pls look at the plight of senior citizens.. they are forced to buy mtual funds that too by the bank staff itself for getting huge commission by such investments..bank staff discourage FDs because most of banks are running parallel mutual fund schemes..pls take our voice to FM madam..

[@vgupta4760]

Banks do NOT run mutual funds. Get your knowledge correct

[@Peacetoeveryone95]

@@vgupta4760 the managers get commission if invested through bank

[@springtheyounger7560]

SBI Mutual funds, ICICI PRUDENTIAL MUTUAL FUNDS, HDFC Mutual funds, etc.,

[@Peacetoeveryone95]

@@vgupta4760 managers get commission when we invested through banks

[@sara1012s]

@@springtheyounger7560 Exactly, He do not know anything.

[@GnanadesikanK]

A primer on the subject Very well explained

[@26herbs47]

There is no shortfall. Govt wants to introduce new laws in banking and finance and income tax and they need an excuse for the same

[@AK-qj9id]

And what is your theory sir?

[@omkargarde5867]

Aunty ko bolo FD tax free kare

[@samiraj1832]

Aunty police bula legi😂

[@Oceansta]

@@samiraj1832 you mean ED? 😆

[@nagaavula9084]

48% FDs are from senior citizens...FM should give senior citizens more tax concessions....

[@santoshsivaramkrish]

She must work without Getting Any more Salaries From Government of India!,

[@nirmalsahoo1234]

@@santoshsivaramkrish There should not be any tax on interest income atleast for senior citizens.

[@pvchalapathy9342]

Multiple taxes on fd and stock market. Huge taxes in India

[@Peoplevoice09]

My savings Vs TAX GST- Goods & Sitaraman Tax TDS- Tax deducted by Sitharaman STT -Sitaraman transaction tax STCG- Sitaraman capital gain

[@koustavpoddar]

Just got some surplus cash recently. Immediately moved it to a liquid fund. Not that liquid funds are better or something, but somehow feel better that way than keeping in savings account or fixed deposit. Gonna deploy that money slowly and slowly to equities.

[@rajeshbobba3851]

Fixed deposits should be brought under 12 % capital gains tax instead of 30 %income tax.

[@yogeshcyr31]

They have killed govt jobs, saturated pvt jobs with their policies & cronyist policies, where will money come from? Aur karo vote bank aur reservation, India will collapse deservingly

[@dmn1n]

Finance Minister = ❌ Finance Menance = ✅

[@debashisguha4096]

The FM and RBI Governor both are asking Banks to manage this crisis. But what they themselves have done? They should tell first what action they have taken except giving lecture in front of media?

[@meeramalhotra2388]

They have reduced NPA from almost 12% to 3-4%.

[@debashisguha4096]

​@@meeramalhotra2388Yes. But to achieve this figure Banks have written off Rs. 14.56 lakh crores NPA in nine financial years starting 2014-15. This automatically reduced the NPA of Banks. Private investors got the benefit and Banks were forced to waive off their loans. 😂😂

[@anjumb9206]

@@meeramalhotra2388 Yes very good job they have done by "Writing Off bad debts " NPA's will surely reduce , why not?

[@SachinYadav-qv4dx]

What an explanation !!! Superb Lata Ma’am. You need your own show for 1 hour daily ❤😊.

[@uddipansarker9043]

Remove tax on Deposit interest. People want to keep their money risk free. This criminal taxation and unbearable inflation are what keeping small folks out of banks.

[@rolapack]

There is a good case for tax free FDs for senior citizens. The youngsters have the capacity to take risk with market instruments, whereas we seniors cannot.

[@swami91]

even seniors can go for conservative hybrid debt funds which is 80% debt and 20% equity and go for SWP for monthly income.. Hell with TDS.. Only little bit of SWP will go towards capital gain if the fund price goes up..keep the capital gains below 1.25L to pay no tax on it either.

[@saptechie4043]

FM and RBI should consider increasing interest rates for long term FDs min 7.5 % and increase TAX saving FDs to 7 years.

[@anandnaa]

Actually more and more people are investing in mutual funds and stocks. Because they understand returns are far better

[@anjumb9206]

Returns are better but the profits are highly taxes. So what is the benefit in that.

[@girish869]

You said correct sir, but the taxes are too high on the profits.

[@swami91]

even seniors can go for conservative hybrid debt funds which is 80% debt and 20% equity and go for SWP for monthly income.. Hell with TDS.. Only little bit of SWP will go towards capital gain if the fund price goes up..keep the capital gains below 1.25L to pay no tax on it either.

[@prakashgn9028]

very well done-cant be said more confusing and complocated than this !!!!!

[@gowrishankarkn6499]

Wonderful Lathaji! If what you say is right ie., investment in MFs does not drain the Bank Deposits, then, in that case, the investment made by the retail investors in MFs from their Savings A/c should not worry the Banks! Then, where is the need to crib that there is no Deposit Growth. There cannot be smoke without fire. The real issue is that the AMCs promoted by Banks themselves are growing at a much faster pace than the banks which promoted these Subsidiaries. They (the banks) are now just behaving like ostriches by ducking their neck in the sand in the desert. They don't want to accept the reality that money is truly moving out of banks into the kitty of the AMCs. That is the tragedy - for banks of course. The virus is not about banks or AMCs. It is the nuisance created by our FM mami asking banks to deduct TDS even on Bank Deposits. How foolish. And she now talks about a $10 trillion economy; forget a $5 trillion economy. Ha....ha.....ha......

[@vamankudchadkar5929]

Simply Superb.. Precise & Perfect

[@ganeshr8851]

For Senior citizens, increase fd rates by 3% and also increase fd rates for women by 3%. Increase exemption limit for Senior citizens for interest income from 50k to 1 lakh immediately...

[@santoshsivaramkrish]

Why increase FD% Returns For Women only? Wealth is Beyond Gender!, IF increasing, increasing For ALL, Else Dont increase!, Women Anyways Dont pay Any Taxes Because They are Actually not included and not Counted in Any Tax Brackets, Exemption Limit is High as only Women Earning Above RS 15Lakhs per year are to be paying Any incomeTax!, India Has Been Designed To Be A Country of Women, By Women, For Women!,

[@Arts11234]

​@@santoshsivaramkrishdo you know what kind of women have their account in ps banks ? The low wage job worker kind. Show me even one good earning women who wants to deals with PSB's idiosyncrasies. I'm and retd. SBI employee, and believe me if you earns well and can keep the minimum balance in check gor for any private bank like HDFC/ICICI, their service is 100 times superior than any PSBs unless you are low on budget.

[@sridharvenkataseshan4980]

Complex topic has been very well explained in a lay man’s language. Thank you Latha.

[@rahul-tp7hr]

Why to invest in PSU or any banks as FD..? Robbers like Vijaya mallaya will get loans specially from PSU banks & our congress,bjp wave off loans and we indians will be fools & silent spectators

[@q-mansion145]

Beautiful work,thanks❤

[@suke933]

We deposit and they write off😂😂😂

[@MICROMEDIXCORP]

Very concise explanation, using simple words that the common man can understand. The visuals also aid in fostering a better understanding of the system. Kudos to CNBC and the anchor.

[@vikasrai338]

I was really looking for this video. Thanks 😊

[@Satyam0701]

Just passing by, but somehow managed to stay, and it's amazing. Smoothly and confidently conveyed this dry topic. Kudos to the team, and best wishes to the anchor. God bless

[@bandarubidda8039]

Explained very well. Thank you

[@karthikb4613]

Now income tax tracks every rupee of a salaried person. We need to pay tax for every rupee of interest we earn, whereas when we keep the money in debt mutual funds we need to pay only when we realise the gains. Why would I keep money in banks and pay tax even if I don't use that money.

[@anjumb9206]

Thats one and the same thing, whether you earn interest on FD or make profit in Mutual fund you are taxed. And as mututal fund is more profitable than FD's ( due to low int rates by banks) you have to pay more tax on gains

[@Amanda5ycl]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[@Keneth94]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@patrica7]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Keneth94]

I have stuck with the popularly ‘’NICOLE ANASTASIA PLUMLEE” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@patrica7]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@nandaKumar-eg7db]

Middle class has understood FDs are worst instrument for long term Even if you hold FDs for long duration every your income is tax deducted at source. So any other long term assets I will have pay when encash my assets. Jago Middle class

[@SanjeeviNarasimhan]

Thank you Latha. Sometimes your channel gives away some of the key interview shows to juniors with a script, don't do it.

[@suriyanarayananr9652]

When you reduce the interest rates of SB, FD, RD account then obviously interest of people also reduces and start moving towards better retuns.. You make laws in favour of Rich people and you want poor people to support and run government..? Make a law that if your net worth is more than 50 Cr then 20% of your net worth should be in national banks.. you will get plenty of money only from 20% of indian population 😏

[@Zedkr11]

Kuch bhi bol do

[@mehjbinpatni9786]

The fact is that the FM doesn't consider the socio- economic aspect of her new taxes in the near futher,were every wrong action has a consequence ,pleople are feeling more insecure with banks and taxing problem where even little is taxed, retirement is taxed saving is taxed

[@sahildhungana7043]

Great information for viewers !!

[@Makarand76]

FM wants apple and mangoes. One day she will lose both as she won't be FM. Only taxes everywhere so I need more money to beat inflation hence investment in a bit risky asset

[@roy9659]

Wooww she really explains very well..😊

[@Wbuffbuff]

Will be happy to see a video by Ms Latha on Indian banks' total reserve requirements (SLR,CRR,LCR,) compared with similar countries .should RBI reduce SLR or CRR for banks to remain profitable,

[@alhadi6493]

Damnn that is worth knowing as a banker and you miss are great in explaining like a professor.🤠👌🏻

[@chaitanyasabharwal72003]

Brilliantly explained 💯

[@Loki-pg7jr]

Tell FM to collect more tax from us so that we will not save anything but take more and more loan

[@kiran56789]

Thank you for teaching me legal tender note

[@aravindakumar1549]

Awesome explanation!

[@atulkakkad]

Mutual Fund sahi hai....... Is great success.... Now FD sahi hai slogan must be put up specially for Senior citizens

[@loka120]

one day it will fall like a pack of cards. They mutual fund and equity investors will be doing suicide one after the other. Mutual funds are buying stocks of 200 and 300 PE like Ola, Nykaa, PayTM, RHF, Adani stocks etc at ridiculous prices. MF manager is getting good cut from these shady companies. Beware the GREAT INDIAN STOCK MARKET CRASH is just around the corner.

[@sopanpatil7526]

Banks are now insurance companies

[@vvmanimadhuri]

Well explained...thank you

[@abheetnigam]

Lovely explanation ❤

[@roymiller8489]

Ask FM to remove IT on FD and RBI to increase interest on FD. Another solution is ask FM to deposit her savings in FD😅😅😅😅

[@sachinjain458]

Very well explained. Thank you :)

[@priyank5445]

Very well explained ❤

[@ravishankarreddy1591]

Hopefully its a passing phase. I for one have started hating FD because the Govt. Taxes FD interest at highest tax slab. What motivation is left ? I cant even beat current inflation with that!

[@suji1103]

This is bound to happen. In abroad no one really keep money in their banks. People do keep money in banks only if they get anything in return

[@pranov.radhakrishnan]

High taxes, inflation,high healthcare and unemployment average people with jobs are getting poorer and poorer everyday...some with money in the bank invested elsewhere bcz banks gv only 4 percent interest on deposit

[@Razrman]

Very nicely explained.

[@VijayRS-nj2kc]

Why the General people invest in the bank. They know they just earn few bucks return from the banks. Because they have another options just like mutual funds. And one more thing let me explain you. Generally public don't know how to get more returns from the bank. And on the other hand broker firm earns more. Because they know where and how much invest. So it means general public needs more info . Because Bank never say about the inflation or taxes. So this is the whole chain system of Bank.

[@FacesOfIT]

Printing money aka Quantative easing causes inflation, money looses value. Banks needs FD to lend 90% of it.

[@yyy840]

6 minutes packed with useful knowledge and information only few people have

[@brownrocket]

Honourable FM. increased taxes on FD, decreased interest rates on savings account and then cries that we don't invest in FD and give free loans to Ambani and Adani

[@user-mk3qu7lx5q]

Perfect analysis

[@1sanpa]

One reason is taxation on FDs , if you earn more than 10000 interest across all FDs annually then above 10000 you have to pay tax as per your slab Root cause of all these is a taxation, in india constant change in tax policy affected long term investment

[@sachinrv1]

Hi Lata! Now a days the banks are having special fixed deposits like 444/555/666 days which gives more interest rates; as high as 7.25, 7.50 perc. So does it mean that the banks would require money after say 1.5 years than now ? Also does it mean that there is less fear of recession ? CNBC is excellent place for financial knowledge sharing.

[@bhavtosh5328]

Interest rates on FDs should be at least 12% because in India we have no social security and there are many families who are dependent on FDs.Inflation is too high.

[@vishalkm5905]

How bank will pay 12%, what is their source?

[@ThomasPS-wq8ml]

18% gst paying on living expenses, from the money already taxed 10-30% incometax. Total 48% tax without any social security.

[@spg6651]

Brilliant explanation -- We engineers also learn this in 2nd semester THERMODYNAMICS - Energy can neither be created nor destroyed - It can be transformed from one form to another -- Replace Energy with money -- same holds good -- Only thing is when MONEY gets transformed , generally money flows from poor to rich and not vice versa. Where as energy general moves from higher level to lower level -- Like Water flow from height to lower height or heat movement from higher temperature to lower temperature etc.. Money flow is exactly opposite and that is the problem

[@prasoongoyal3198]

Great perspective

[@sujasbandyopadhyay7092]

Wrong tax rules for bank interest income is the main culprit. Govt should realise this. Actually interest income after deducting tax and discounting inflation becomes a loss to a common investor. But, always a common people are victims of wrong policy.

[@abhishekbal399]

Sorry there is one large misinformation here : Digitisation ( UPI payment e.g. gpay, Paytm etc) does not cause leakage in the banking system. If anything it exactly works the opposite way. Just like the home buyer writes the cheque in the builders name so does the UPI albeit at a very small package. But via the UPI the money still remains in the banking system…. because physical cash is not withdrawn. So to that extent the liquidity is boosted not compromised. ALM stands for Asset Liability Management and not Asset Liability Match

[@GururajBN]

Inspite of lending or investment in MF, you said that the money remains in the banking system. But the problem is that the money goes to another bank. So within the banking system, some banks are more acutely affected by the deposit deficit.

[@divyanshsh]

Well explained

[@hirajlotlikar9226]

One side prime minister is saying we are going to be 3rd lastest economy, in the world and today you saying we don't have enough saving deposit , so we're are we going to end.

[@poocheepie]

Bravo Lata !

[@financialupdates405]

Banks are themselves responsible for slowing down deposit growth rates. The transition from saver to investor of an ordinary citizen has already been started. Which these banks could not sense it on time. While on the other hand the govt. has taxed bank deposit interest heavily. While the rate of inflation in the range of 5 to 6% per annum, which the post tax deposit rates are facing difficulty to match.

[@kamalkumar987]

In last 2 years bank increased load interests rate 4 to 5 times, still they are craving for deposits and raising risks. You can imagine how badly this is mismanaged.

[@aseemsharma1095]

What’s the trajectory for RBI balance sheet ? Is it reducing? Honestly no one is talking about RBI doing QT. Does that not reduce deposits with the banks?

[@vankat4271]

Good explanation madam

[@PIXEL00000]

Even debt fund or conservative hyb funds have better taxation with way higher interest rates.. RBI can keep crying

[@ujjwalbhardwaj5664]

Insightful

[@lifeisbeautiful104]

Stop taxing bank deposits with the actual income rate. Keeping money in bank deposits is a waste. Can't beat inflation

[@DKVTECHNOLOGY]

Asking private banks to reduce minimum balance from 10000rs to 1000rs and stop charging uncessary account maintenance,debit card maintenance and lower interest rate for fixes deposit is main reason

[@drumsnarayanan688]

stop all UPI... procedure.. then banks.. get deposits from public... and stop govt. sending on travel.....

[@ramji_ki_katha]

Nowadays all Banks are more concerned about Selling Insurance than Deposits or FD. The moment you step into the Banks every counter will ask you to buy their Bank's Insurance. Going to Banks is a new headache

[@SatyamtheTruth999]

Even if we deposit our hard earned money ( for which we have paid tax), again we need to pay tax there in bank also.

[@inspectorIntro]

Tell Aunty to reduce tax and will talk later

[@ati-saurabhsharma1685]

Bank also selling LI,SIP opening record demat account and then asking customer to divert funds to stock market. They are also themself to blame

[@anandraavi6242]

FD interest income upto minimum Rs1.00 Lakh should be exempted from Incometax in both Old & New Income Tax regimes. The senior citizen fixed deposit is of no use and instead a big worry from many respects.

[@yashagarwal1302]

I think banks are more concerned about the stickyness of the deposits, as very mobile deposits do not allow banks to do long term lending and require to maintain more liquidity. According to me banks should consider issuing the fresh equity capital in the market as the equity markets are very robust right now and use the same funds for long term lending.

[@sambasivansambasivan7092]

The understanding of a layman is that the banks do not have money to repay the existing deposits.

[@Koundinya87]

Banking stocks: Consolidation since 5 months & Undervalued. Expecting 30-40% run. SBI: 1000 BoM: 92 Canara: 140 BoB: 300 SIB: 40 Yes: 34 ICICI: 1400 Axis: 1400 HDFC: 1800

[@nani5987]

Inflation ate into my salary😢...with 1.4 in hand nothing remains towards the end of month...Infact i am running in salary od of one bank..

[@kapilhooda2373]

Ahh the sweet sweet meltdown of the government witnessing the consequences of their own actions

[@Oceansta]

They artificially inflated the markets to benefit the crony capitalists and for their own political gains. All the sheep flocked to mutual funds thinking its easy money and because bank deposits were made to give pathetic returns so funds could be diverted from banking to markets. Huge crash/correction is imminent. Aunty is panicking.