State Bank of India

sbi

Posted by : raman1280
Price when posted : BSE: Rs 1451.15 ( -2.04 % ), NSE: Rs. 1454.00 ( -2.00 % )

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psu banks are outperforming at these levels of indices.and this will continue.good buy around1300...

DEPOSIT INSURANCE

Posted by : axy
Price when posted : BSE: Rs 1481.40 ( -1.34 % ), NSE: Rs. 1483.65 ( -1.38 % )

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USA govt has increased the deposit Insurance from USD 100,000/- to USD 250,000/-

Can Indian govt think of changing the insurance to 25,00,000/- to gain investor and depositors confidence with banking system deposits....

Will AIBEA ,bank Employees and F.M.act

Posted by : Leave it.
Price when posted : BSE: Rs 1481.40 ( -1.34 % ), NSE: Rs. 1483.65 ( -1.38 % )

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there is a need for raising the deposit insurance cover for bank deposits. I am producing some sample views presented by our indian nations(NRIs)who had represented in the Indian News papers. We are concerned with Sensex and NIFTY. what is the anxiety index for the customers of all our banks?
Please read and make representation in this board, to draw the attention of the GOI and our finance minister to do something. The AIBEA has also a role to play as they are also concerned withthe good will of the public.
Here are a few sample letters:
Readers Opinions Write to Editor


Scared NRIs find Indian banks safer


sasi,kochi,says:India is a good place to invest but the bankers and bureaucrats make cumbersome rules. For instance,a Mandate Holder of an NRI account cannot ask the bank to send back the money to the NRI`s account. 30% tax is deducted on all NRO accounts and later one has to file a return,get refund from the IT Department, which is easier said than done. If the local residents have a TDS of 10% why 30% for NRIS. It seems that the Govt does not trust NRIs, they are Non Reliable Indians.
[4 Oct, 2008 2116hrs IST]

satish,USA,says:Economic times stop ridiculing or Gloryfying NRIs .Who is scared of having their money in Foreign Banks ?Do Indian BANKS have FDIC structure?what happned to scores of NBFC`s? did the depositors get their money ? Please just because US is going through a financial crisis does not mean Indian Financial Structure is GREAT !! Assume what happnes in India if a similar crisis of same magnitude happens in india and the kind of bikering and demnstratin that go round the country .Can INDIAN banks provide deposit Insurance for 4 crores?? Think of it .I am not praising USA but the attitude of the the ECONOMIC TIMES Journalism to gain readership at the cost of unethical and Immoral Journalism SHAME ON YOU ,Every news in the world is looked from INDIAN point of view I dont get it is this INDIAECONOMCITIMES? Or ECONOMICTIMES?
[4 Oct, 2008 2107hrs IST]

JACOB,BRUNEI,says:India is the best place to invest. Advising all NRI`s to invest in India their mother country .even if you are citizens of any other nation. It is high time to consider India. Nothing to lose, after all it is india, not to lose in any foreign country. Even if you had taken citizenship of any foreign nation India is a land of opportunities. So let`s look back once again to India.
[4 Oct, 2008 1027hrs IST]

Natarajan Rammoorthy,Chennai,says:How life comes a full turn? In 1991, when I was in the US, we were witnessing the greatest Foreign Exchange crisis. State Bank of India was the facilitator for India Development Bonds. Mr. Mahadevan and Mr. Thakur (posted at SBI Chicago) were going from place to place in US to help arrange funds from NRI`s. During one such program at Dearborn (next to Detroit), I was witness to questions from the NRI`s regarding the financial stability if the money were put in Indian banks. It was an exasperating moment for the SBI Officers who responded with dignity and politeness. An NRI asked whether the Indian Banks were insured by FDIC (American Government underwriting). An emotional Mr. Thakur said `India is the land of Ramayana. Hanumanji showed Lord Shri Rama and Lord Shri Sita in his heart. If I could open my heart you will see the Great Indian Civilization that has lived for 1000`s of years - a testimony to stability and righteousness.` It was a chilling moment of emotions and solidarity. Myself and fellow youngsters stood up and applauded the answer while expressing our dissent to the questioning NRI. Today, it is India they are after. Alas it comes back in a full circle right?
[4 Oct, 2008 0819hrs IST]

mm,delhi,says:Can someone please tell these NRIs that their money in US banks are secured by the FDIC of the US Federal government. Indian banks do not offer any security.
[4 Oct, 2008 0812hrs IST]


v.krishnamoorthy
Folsom,USA
...

multibaggerstockadvisor.blogspot. com

Posted by : Guest
Price when posted : BSE: Rs 1481.40 ( -1.34 % ), NSE: Rs. 1483.65 ( -1.38 % )

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the data should be studied well which could be availed at the title of this message before making any valuable investment...

BSE Announcements on SBI

Posted by : MMB Messenger
Price when posted : [SBI - BSE:Rs. 1490.15 NSE:Rs. 1485.30 when posted]

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State Bank of India (SBI) has informed BSE that the winding up petition in respect of SBI Home Finance Ltd filed by M/s. Sandersons & Morgans, the legal counsels appointed by SBI, has been admitted by the Honourable High Court, Kolkata. SBI Home Finance Ltd. was defunct, trading in its shares had been suspended since October 2005 and SBIs exposure to the aforesaid Company has already been fully provided for / written off....

NSE Announcements on SBI

Posted by : MMB Messenger
Price when posted : [SBI - BSE:Rs. 1479.00 NSE:Rs. 1480.10 when posted]

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State Bank Of India has informed the Exchange that: "The winding up petition in respect of SBI Home Finance Ltd., filed by M/s. Sandersons & Morgans, the legal counsels appointed by SBI, has been admitted by the Honourable High Court, Kolkata. SBI Home Finance Ltd. was defunct, trading in its shares had been suspended since October 2005 and SBIs exposure to the aforesaid company has already been fully provided for / written off"....

multibaggerstockadvisor.blogspot. com

Posted by : Guest
Price when posted : BSE: Rs 1497.75 ( -0.25 % ), NSE: Rs. 1495.25 ( -0.61 % )

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where shall we invest which counter is best and what to do next ???? all these sort of queries could be solved out at the title of this message who is ultimate and could be relied upon eyes closed...

S O T projection for TODAY !

Posted by : dijyya
Price when posted : BSE: Rs 1501.45 ( 2.44 % ), NSE: Rs. 1504.45 ( 2.81 % )

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I hear first time about S O T. Thought its your choice. Thanks...

In reply to:

S O T projection for TODAY !

Posted by : DUstocks

Detailed info about SOT has been provided by me several times in the past, it isn't not possible for me to go on repeating it. Sorry !

S O T projection for TODAY !

Posted by : DUstocks
Price when posted : BSE: Rs 1501.45 ( 2.44 % ), NSE: Rs. 1504.45 ( 2.81 % )

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Detailed info about SOT has been provided by me several times in the past, it isn't not possible for me to go on repeating it. Sorry !...

In reply to:

S O T projection for TODAY !

Posted by : dijyya

Hellow Friend

You have posted message that SBI will reach 1259 on 6th October. It\\`s close on 1st October at 1504. Now what is your calculation ? Are you till beleave that it will reach at 1259 on 6th October ?

What is S O T ? How it calculated ?

I will oblige if you reply the post

Thanks,

With regards,

dijyya

S O T projection for TODAY !

Posted by : dijyya
Price when posted : BSE: Rs 1501.45 ( 2.44 % ), NSE: Rs. 1504.45 ( 2.81 % )

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Hellow Friend

You have posted message that SBI will reach 1259 on 6th October. It\\`s close on 1st October at 1504. Now what is your calculation ? Are you till beleave that it will reach at 1259 on 6th October ?

What is S O T ? How it calculated ?

I will oblige if you reply the post

Thanks,

With regards,

dijyya...

In reply to:

S O T projection for TODAY !

Posted by : DUstocks

At the current Speed Of Trend, SBIN will become OVERSOLD (getting bearish) on 6th October, 2008, at about Rs. 1259.42.

These figures may change drastically by Monday evening (29th September, 2008), depending upon the nature of cues from the US markets and the reaction of the Asian and European markets to such cues. SOT figures DO NOT make any allowance for such local or global cues.

Please don't interpret SOT figures in ABSOLUTE terms for setting up your trades, use them only for general directional guidance - all at your risk & responsibility of course. If you do not understand what SOT projections are all about, just ignore this post, rather than setting up your trade upon something you know nothing about.

SBI Sept \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Posted by : 14all..all41
Price when posted : BSE: Rs 1422.00 ( -2.98 % ), NSE: Rs. 1424.90 ( -2.63 % )

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Yes i agree, keep the stock and if possible average it out. you can sell it @1600 in a week's time...

In reply to:

SBI Sept \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Posted by : varun_s

keep it with you, right now its rangebound bw 1370-1590. wait till 1590 to sell and again buy wen it dips to 1350 n all

SBI Sept \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Posted by : varun_s
Price when posted : BSE: Rs 1471.95 ( 4.77 % ), NSE: Rs. 1474.00 ( 4.88 % )

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keep it with you, right now its rangebound bw 1370-1590. wait till 1590 to sell and again buy wen it dips to 1350 n all...

In reply to:

SBI Sept \\\\\\\\

Posted by : manjurk

i have 50 SBI @1520 can i hold or exit

SBI

Posted by : vkk43
Price when posted : BSE: Rs 1470.25 ( 4.64 % ), NSE: Rs. 1477.00 ( 5.09 % )

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Thanks for this info. But why should they increase the rate of interest so much. They should get it at market rate. They are taking the lead to increase the interest rate....

In reply to:

SBI

Posted by : sutan

state bank needs huge amount of deposits for financing a large number of infrastructure projects which are in the pipeline. It projects a 25% increase in credit growth in the current financial year for which substantial amount of deposit is required

SBI

Posted by : sutan
Price when posted : BSE: Rs 1424.70 ( 1.40 % ), NSE: Rs. 1423.15 ( 1.26 % )

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state bank needs huge amount of deposits for financing a large number of infrastructure projects which are in the pipeline. It projects a 25% increase in credit growth in the current financial year for which substantial amount of deposit is required...

In reply to:

SBI

Posted by : vkk43

This sounds some problem with SBI. Is it?

SBI Sept \\\\\\\\

Posted by : manjurk
Price when posted : BSE: Rs 1403.15 ( -0.13 % ), NSE: Rs. 1412.65 ( 0.51 % )

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i have 50 SBI @1520 can i hold or exit...

In reply to:

SBI Sept '08 qtr PAT seen at Rs 1965 cr: Motilal Oswal

Posted by : MMB Messenger

Motilal Oswal has come out with its earning estimates on Banking sector for the quarter ended September 2008. According to the research firm, State Bank of India's (SBI) September quarter net interest income is expected to go up 30.1% at Rs 48,947 million (Rs 4894.7 crore) on YoY basis.