Like Tree235Likes

Best Time Deposit Offers?

Reply
Page 6 of 37 FirstFirst ... 3 4 5 6 7 8 9 14 ... LastLast
  1. #51

    Join Date
    Jul 2017
    Location
    Dubai
    Posts
    582
    Quote Originally Posted by freeier:
    So under that case those entities are subsidiaries.. not called branches of the main bank.

    Speak to the banks enough (instead of sprouting arrogant one liners here) and one will know senior bankers themselves also distinct between being a subsidiary or a branch of the main bank. All are subject to supervision as long as they operate in that country..
    I think this has been clarified already but if you still choose to believe this, it's up to you. Some others here also "speak to the banks enough".

  2. #52

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    5,585
    Quote Originally Posted by shree711:
    I think this has been clarified already but if you still choose to believe this, it's up to you. Some others here also "speak to the banks enough".
    Not sure what you are arguing.. you have just posted that the india banks do not have overseas incorporated entities.. so those in hk are their branches and not the subsidiaries.. what's wrong with that I have been trying to tell Rob?
    Last edited by freeier; 27-09-2022 at 05:42 PM.

  3. #53

    Join Date
    Jul 2017
    Location
    Dubai
    Posts
    582

    As an update, now banks like SBI are offering 4.9% for 1 year and 5% for 18 months.

    shri, achanster and Chekki like this.

  4. #54

    Join Date
    Sep 2012
    Location
    Hong Kong
    Posts
    75

    on which currency/ies please?


  5. #55

    Join Date
    May 2021
    Posts
    1,733
    Quote Originally Posted by achanster:
    on which currency/ies please?

    https://hk.statebank/deposit-interest-rates
    achanster and Chekki like this.

  6. #56

    Join Date
    Sep 2012
    Location
    Hong Kong
    Posts
    75

    Thanks. Looks like they want USD desperately!

    qhank likes this.

  7. #57

    Join Date
    May 2021
    Posts
    1,733
    Quote Originally Posted by achanster:
    Thanks. Looks like they want USD desperately!
    Nothing surprising or alarming there, INR is depreciating and RBI reserves slowly depleting, large and rich diaspora of NRIs have always been saviour whenever India needs foreign currencies, SBI being the largest public sector bank leading the cause and playing its role here, private sector banks are not too far behind..
    achanster and shri like this.

  8. #58

    Join Date
    Jun 2018
    Posts
    1,478

    Indeed... I'd put SBI going under into almost the same bracket as HSBC going under. I.e. the morning that happens the loss of your life savings will be the least of the world's worries.

    Regretting taking the 3.6% HKD 3.4% USD HSBC expat pricing on 12m TD a few weeks ago already. Will bite on their 4.5% GBP current offer though as even if rates are going to 6% that feels like it'll have to be done gradually. Hooray for -6% real return.

    ndt, Jalloner54 and Gollygordon like this.

  9. #59

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    5,585

    USD is more commonly use in banking.. banks take in USD they also loan out USD.. mostly the hk banks need HKD as they do loans onshore... the foreign banks will convert the hkd they receive into USD for their balance sheet usage.

    Anyway the main reason is also USD 1y rates are higher than HK 1y rates in the interbank market now.


  10. #60

    Join Date
    May 2021
    Posts
    1,733
    Quote Originally Posted by Peaky:
    Regretting taking the 3.6% HKD 3.4% USD HSBC expat pricing on 12m TD a few weeks ago already.
    Bit surprised you bit the bullet little early knowing well where rates are going and predicting well in advance what FED was/is doing is still not enough..

Reply
Page 6 of 37 FirstFirst ... 3 4 5 6 7 8 9 14 ... LastLast