xuxu1457
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They always talk about PPP term GDP
The worlds 50 safest banks
- Thread starter Anonymous user
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They always talk about PPP term GDP
Such boasters they are
India did not invent PPP measure... or did it?
As for the topic .... US Treasuries are the safest deposits for USD. No bank can ever be safer than Federal Reserve (for USD).
As already clarified, for INR deposits, the safest market instrument is GoI treasury-bills and long term issuances. Next to it, is SBI which has implicit (though unofficial) backing of GoI.
That is the reason any of banks is the list quoted must pay a higher rate of interest on USD deposits, than what US Treasuries offer.
Go, find the interest rates offered by all of those banks on USD deposits ...
Anonymous user
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Just some question.
1. Where in the list did it say the bank must have large USD holdings? For one I know for SG local banks do not have such large USD holdings
2. Are you saying if SBI defaults the Indian government will cover the funds in the bank? Do you have anything back that up like so? Singapore, Malaysia Guarantee Bank Deposits to Boost Confidence - Bloomberg
3. Interest on USD deposits for SG banks is low (see below from DBS) In fact Singapore offers the lowest interest rate on almost anything. Can you elaborate on this?
DBS Singapore | Rates Online | Foreign Currencies | Foreign Currency Fixed Deposit
Those are in % already btw
Amt(USD) < 10'000 < 25'000 < 50'000 < 100'000 < 250'000 <= 500'000
1 day 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
1 week 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
1 mth 0.0000 0.0000 0.0000 0.0200 0.0200 0.0500
2 mths 0.0000 0.0000 0.0000 0.0600 0.0600 0.1000
3 mths 0.0200 0.0200 0.0200 0.0900 0.1400 0.1500
6 mths 0.0200 0.0200 0.0200 0.1700 0.2000 0.2200
12 mths 0.0000 0.0000 0.0000 0.1050 0.2650 0.2900
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