Well the market is quite bad and you may not have very good negotiation powers but still there are some openings out there. I would say the better offers can be around 15-16 lpa if you want to be in the same domain. Product companies give you better than that though. Again it depends on your graduating college and you stuff skills everywhere.
Well the bank currently I work still recruits for positions in India as we have number of java openings to fill before this quarter (we also had special 'walk-in' sessions for the 'bankrupted' i-bank also). So if you are interested PM me your details.
[ September 22, 2008: Message edited by: Chen Venkat ] [ September 22, 2008: Message edited by: Chen Venkat ]