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!

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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.

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