- Wealth PMS
Bank Deposit Growth as of 27 Jun 2014 is now at the Lowest since September 2013 at 12.4% over the past year. In Sep 2013 and Dec 2012, we had a market crisis of sorts when the indexes fell nearly 20%. This time, it’s the other way around – markets were close to an all time high!
Of course, don’t think of this as “bearish” news. We’ve seen recently that even if you had news that all Indian top companies were frauds, the market would go up.