Just fyi: I got a much better deal on LG 380L at an offline store than any online site. 3 Star convertible model with door cooling for approx 36k. Flipkart lists this model for 50k and will sell for about 45k after discounts.
Jewelry shops in Ben Thanh market in HCMC give better exchange rates than most other money-changers. If you take USD with you, you get better rates for USD 100 notes than for other denominations.
You guys are being too jumpy. He was going to go anyway. The RBI had wanted him gone since a long time now. Even before this derivatives fiasco was disclosed, he had been granted an extension for only one year.
The bank is also well capitalised and not going to fail anytime soon.
The stock is...
This is not a great idea because if it takes 15 years, your rate of return will be lower than that from a FD. It is a mistake to ignore the time value of money. Of course you need to be a patient long term investor, but keep monitoring your XIRR and rebalance when prudent.
It seems a lot of the outrage from people is because the bank was "trading in derivatives" which people equate to playing rash in the stock market.
However, I believe here the derivatives were actually to reduce risk - the bank has a exposure to foreign currencies and they cannot possibly make...
I might buy in the next few sessions. I don't think the bank will fill based on the disclosures so far and I think this crash presents a good buying opportunity.