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- Thread starter StanRoute66
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I would like to disagree with your opinion. Here's why:
SBI, HDFC, ICICI are too big to fail banks as per RBI. Link:
‘Too big to fail’ list: SBI, ICICI Bank, HDFC Bank remain
According to analysts, too big to fail is a phrase used to describe a bank or company that’s so entwined in the economy that its failure would be catastrophic.
indianexpress.com
So, I wouldn't suggest anyone to park their life's savings in one bank (be it SBI). It's better to distribute it in a way you are at least risk. Private banks offer much more value for your money compared to public sector banks. But I would also like to add that not all private banks are worth going for!
Diversification always works except for relationships 🥲.I would like to disagree with your opinion. Here's why:
SBI, HDFC, ICICI are too big to fail banks as per RBI. Link:
‘Too big to fail’ list: SBI, ICICI Bank, HDFC Bank remain
According to analysts, too big to fail is a phrase used to describe a bank or company that’s so entwined in the economy that its failure would be catastrophic.
So, I wouldn't suggest anyone to park their life's savings in one bank (be it SBI). It's better to distribute it in a way you are at least risk. Private banks offer much more value for your money compared to public sector banks. But I would also like to add that not all private banks are worth going for!
25k for the base varient account or the select/wealth??
if you had opened 25k MAB account then 25k
if you had opened 10k MAB Account then 10k
Very complicated topic to be discussed in text!!I would like to disagree with your opinion. Here's why:
SBI, HDFC, ICICI are too big to fail banks as per RBI. Link:
‘Too big to fail’ list: SBI, ICICI Bank, HDFC Bank remain
According to analysts, too big to fail is a phrase used to describe a bank or company that’s so entwined in the economy that its failure would be catastrophic.
So, I wouldn't suggest anyone to park their life's savings in one bank (be it SBI). It's better to distribute it in a way you are at least risk. Private banks offer much more value for your money compared to public sector banks. But I would also like to add that not all private banks are worth going for!
Will discuss some day over voice.
Any changes for non maintenance of mab??
I had invested in yesbank I think back in some 2015-16 time (It was my first ever stock bought in my long trading journey), doubled my money and got out in year or so (timelines bit fuzzy). Fyi, 400 top is adjusted price, Yes bank has seen four digits.
Also, had my money in Indusind as well (Had good return on it too when I squared off), at similar timeline, only time I was in red is when brexit voting was done and it went in favor of it.
Also, had my money in Indusind as well (Had good return on it too when I squared off), at similar timeline, only time I was in red is when brexit voting was done and it went in favor of it.
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Souvik
TF Premier
The Jio postpaid one may not be a good idea,as I spend much less on a 84 day prepaid recharge.
I beg to differ on the point that you will get same treatment in all banks even if you compare between Private and Public sector banks.
Private banks may be riskier than Public ones I agree but you may not get good service if you walk into a SBI. Hence the shift to Private along with better interest rate and offers.
Though I never had to opt for a loan but people like public sector banks for loans i know.
If I am looking for a low risk or close to zero risk scenario with ample liquidity/ no lock in...then bank FD's are the only option right now. I do not see any other valid option here.
Considering default or liquidity risk, Yes bank was somehow saved i agree, so was UTI sometime back, same for Lehman & Bear Sterns and it's because of me and your that's taxpayers money infusion that SBI is surviving now.
Risk mitigation wise it's better to have 5L per account covered by law and probably park more money in banks with good balance sheet.
Only thing one should actively avoid is co-op banks and small local people run "pathpedis", they are one step away from robbing you.
I say this but I sometimes still do FD in my local banks, it gives better returns. But amounts are very small.
So, this is one of those issues where losing too much sleep over it is not worth it, just keep low amounts in high risk banks or w/e you fancy.
I say this but I sometimes still do FD in my local banks, it gives better returns. But amounts are very small.
So, this is one of those issues where losing too much sleep over it is not worth it, just keep low amounts in high risk banks or w/e you fancy.
True af! Co-op banks keep failing time and again! 🤷♂️
Extrovert🌃
TF Select
What do you mean by "it's better to have 5L per account covered by law"?
