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Indian Bank
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RBI cuts CRR by 50 bps to 8.5%
Posted by :
mukutTracked by: 0 Boarder
Indian Bank will post q2 PAT Rs300 crore and Annual PAt will be 1200crore....
In reply to:
RBI cuts CRR by 50 bps to 8.5%
Posted by : Leave it.
Dear Sankarantpr,
First we have to get protection for the funds we have saved for our future. Then only SLR or CRR will come into play. Am I correct, Sir?
so please allow me to place my view for your kind attention.
You can see the difference how a bank in trouble or default is dealtwith in USA. There was a fiscal crisis. The senate met and took decisions collectively. whether it is wrong or right. There was a concerted attempt to discuss and to take a decision.
Here our PM and FM give ratio/TV talks and RBI issues statements.
The Govt. thinks that the other leaders are not worthy of consutation.There will be divergent views always. That is why we call for a discussion.
Now the political parties also do not comment on the Govt. attitude, so that some corrective steps are visibly taken. The opposition parties also to be blamed. When they meet , they simply make noice or stage walk out, without discusing the issues involved and that helps the Govt. to have a cake walk.
I am now concerned with the safety of lacs of depositors.The deposit insurance cover is also not increased. There is no voice from the economists,media and share market commentators. Here in USA, we have cover for an account upto 2.5 lacs US dollors. The trade unions like AIBEA and FCII are not touching this aspect. Are they not having bank accounts? It is really very unfortunate that the biggest union AIBEA which was able to give a call for all India Strike for two days, do not send any single point for the protection of bank deposits.Thwy all think that the PSU banks are not vulnarable for the crisis.Why they they have alimited cover for one lac of rupees.It is learned that mutual funds are also selling some holdings in NIFTY.
The fiscal crisis has spread to Europe.As there are many small countires, a concerted action to face the world economic crisis is not possible. In Ireland, the Govt. immediately covered with insurance for six banks . Is it not a signal to the country leaders? Perhaps all our radars are lent to Srilanka Govt.
I do not know when we all will see the reality. God alone should save this country.
v.krishnamoorthy 
RBI cuts CRR by 50 bps to 8.5%
Posted by : Leave it.Tracked by: 0 Boarder
Dear Sankarantpr,
First we have to get protection for the funds we have saved for our future. Then only SLR or CRR will come into play. Am I correct, Sir?
so please allow me to place my view for your kind attention.
You can see the difference how a bank in trouble or default is dealtwith in USA. There was a fiscal crisis. The senate met and took decisions collectively. whether it is wrong or right. There was a concerted attempt to discuss and to take a decision.
Here our PM and FM give ratio/TV talks and RBI issues statements.
The Govt. thinks that the other leaders are not worthy of consutation.There will be divergent views always. That is why we call for a discussion.
Now the political parties also do not comment on the Govt. attitude, so that some corrective steps are visibly taken. The opposition parties also to be blamed. When they meet , they simply make noice or stage walk out, without discusing the issues involved and that helps the Govt. to have a cake walk.
I am now concerned with the safety of lacs of depositors.The deposit insurance cover is also not increased. There is no voice from the economists,media and share market commentators. Here in USA, we have cover for an account upto 2.5 lacs US dollors. The trade unions like AIBEA and FCII are not touching this aspect. Are they not having bank accounts? It is really very unfortunate that the biggest union AIBEA which was able to give a call for all India Strike for two days, do not send any single point for the protection of bank deposits.Thwy all think that the PSU banks are not vulnarable for the crisis.Why they they have alimited cover for one lac of rupees.It is learned that mutual funds are also selling some holdings in NIFTY.
The fiscal crisis has spread to Europe.As there are many small countires, a concerted action to face the world economic crisis is not possible. In Ireland, the Govt. immediately covered with insurance for six banks . Is it not a signal to the country leaders? Perhaps all our radars are lent to Srilanka Govt.
I do not know when we all will see the reality. God alone should save this country.
v.krishnamoorthy ...
In reply to:
RBI cuts CRR by 50 bps to 8.5%
Posted by : sankarantpr
he Reserve Bank of India (RBI) has cut cash reserve ratio (CRR) by 50 basis points to 8.5%, effective from October 11.
The move will release Rs 20,000 crore in the banking system. The cut is temporary in nature.
"Liquidity management is a priority amid global uncertainty,” the RBI said.
RBI cuts CRR by 50 bps to 8.5%
Posted by : Leave it.Tracked by: 0 Boarder
Dear Sankarantpr,
First we have to get protection for the funds we have saved for our future. Then only SLR or CRR will come into play. Am I correct, Sir?
so please allow me to place my view for your kind attention.
You can see the difference how a bank in trouble or default is dealtwith in USA. There was a fiscal crisis. The senate met and took decisions collectively. whether it is wrong or right. There was a concerted attempt to discuss and to take a decision.
Here our PM and FM give ratio/TV talks and RBI issues statements.
The Govt. thinks that the other leaders are not worthy of consutation.There will be divergent views always. That is why we call for a discussion.
Now the political parties also do not comment on the Govt. attitude, so that some corrective steps are visibly taken. The opposition parties also to be blamed. When they meet , they simply make noice or stage walk out, without discusing the issues involved and that helps the Govt. to have a cake walk.
I am now concerned with the safety of lacs of depositors.The deposit insurance cover is also not increased. There is no voice from the economists,media and share market commentators. Here in USA, we have cover for an account upto 2.5 lacs US dollors. The trade unions like AIBEA and FCII are not touching this aspect. Are they not having bank accounts? It is really very unfortunate that the biggest union AIBEA which was able to give a call for all India Strike for two days, do not send any single point for the protection of bank deposits.Thwy all think that the PSU banks are not vulnarable for the crisis.Why they they have alimited cover for one lac of rupees.It is learned that mutual funds are also selling some holdings in NIFTY.
The fiscal crisis has spread to Europe.As there are many small countires, a concerted action to face the world economic crisis is not possible. In Ireland, the Govt. immediately covered with insurance for six banks . Is it not a signal to the country leaders? Perhaps all our radars are lent to Srilanka Govt.
I do not know when we all will see the reality. God alone should save this country.
v.krishnamoorthy ...
In reply to:
RBI cuts CRR by 50 bps to 8.5%
Posted by : sankarantpr
he Reserve Bank of India (RBI) has cut cash reserve ratio (CRR) by 50 basis points to 8.5%, effective from October 11.
The move will release Rs 20,000 crore in the banking system. The cut is temporary in nature.
"Liquidity management is a priority amid global uncertainty,” the RBI said.
RBI cuts CRR by 50 bps to 8.5%
Posted by : sankarantprTracked by: 0 Boarder
he Reserve Bank of India (RBI) has cut cash reserve ratio (CRR) by 50 basis points to 8.5%, effective from October 11.
The move will release Rs 20,000 crore in the banking system. The cut is temporary in nature.
"Liquidity management is a priority amid global uncertainty,” the RBI said. ...
RESISTANCE AND SUPPORT LEVEL
Posted by : sankarantprTracked by: 0 Boarder
The Resistance and Support level for
Monday(06.10.08)
R1 132.45 R2 137.25 R3 140.45
PIVOT 129.25
S1 124.45 S2 121.25 S3 116.45...
AIBEA should come to help the depositors
Posted by : Leave it.Tracked by: 0 Boarder
Every depositor should give aletter addressed to the head of the bank where they transact, to consider this point with RBI, Ministry of finance and if needed to amend the act. AIBEA should include this in their agenda as the indian banking operations cannot be completeley indifferent to the world fiscal crisis. If they cannot save the banks and deposits, how can they protect the welfare of the employees? they want our cooperation during strikes to support them. In turn they must work for our interest.Together we will win.
v.krishnamoorthy
Folsom,USA
...
hOld or Sell? 200 share@ 118
Posted by : mukutTracked by: 0 Boarder
Congress or BJP do not matter for PSU banks. PSU banks will be operating in the same way as they have been doing. PSU banks do not run behind people to give home loan or personal loan. And they follow strictly psu banking and RBI guidelines. Their income is straight from CASA deposit and fee based income along with credit growth. I am talking about profit of Indian bank will be posting YoY. If indian bank is posting PAT R1200-1300 crore that will be accounted in company book.
Scrip price may dip once all share holders start selling. Which pvt company is avalable at EV=BV or below. As i have made good profit in psu banks over the period of 4-5yrs without any risk. So I will remain invested in psu banks. I will keep picking up Indian Bank[50%], Central Bank[40%], SBI[10%]. SBI is trading premium as compare to other psu banks. so I will keep low exposure into SBI....
In reply to:
hOld or Sell? 200 share@ 118
Posted by : chchch
Mukut, sorry to interrupt you.You may be right with regard to fundamentals. I am bit at a loss to see Andhra Bank quoting at such low levels for a long time ( I had cited as to how change in CEOs of banks impact). In the case of Indian Bank, I would very much like to see the scrip quoting atleast around the current price in case the Congress is not returned to power.
hOld or Sell? 200 share@ 118
Posted by : chchchTracked by: 0 Boarder
Mukut, sorry to interrupt you.You may be right with regard to fundamentals. I am bit at a loss to see Andhra Bank quoting at such low levels for a long time ( I had cited as to how change in CEOs of banks impact). In the case of Indian Bank, I would very much like to see the scrip quoting atleast around the current price in case the Congress is not returned to power. ...
In reply to:
hOld or Sell? 200 share@ 118
Posted by : mukut
Do not misguide people. Indian Bank is outperformer. It is rocking in worst market. Indian Bank has been adding over 1000crore profit YoY on Book every year. It has huge free cash on book. Once market sentiment improves it will touch 350-400. Even if it's business grows with 1-2% profit will be more than 1200-1300crore this year. Dividend this year is likely to be 50-60%.
hOld or Sell? 200 share@ 118
Posted by : mukutTracked by: 0 Boarder
Do not misguide people. Indian Bank is outperformer. It is rocking in worst market. Indian Bank has been adding over 1000crore profit YoY on Book every year. It has huge free cash on book. Once market sentiment improves it will touch 350-400. Even if it's business grows with 1-2% profit will be more than 1200-1300crore this year. Dividend this year is likely to be 50-60%....
In reply to:
hOld or Sell? 200 share@ 118
Posted by :
str2323
this is the case with psu banks. if u want to book profits Indian bank rs.140/- between 140 to 142 there is a strong resistance and the stocks pull back.so, the ideal price for booking profits is.rs. 140 or 141/-at present.
hOld or Sell? 200 share@ 118
Posted by : str2323Tracked by: 0 Boarder
this is the case with psu banks. if u want to book profits Indian bank rs.140/- between 140 to 142 there is a strong resistance and the stocks pull back.so, the ideal price for booking profits is.rs. 140 or 141/-at present....
In reply to:
hOld or Sell? 200 share@ 118
Posted by : Leave it.
Dear str2323
have you read the commments of Ind.bank CMD reported in some columns here in this board?
pl. read this:
FY08 will be a tough year for banks: Indian Bank CMD M S Sundara Rajan
Press Trust Of India / New Delhi September 04, 2008, 17:50 IST
Concerned over rising interest rates and slowdown in the economic growth, public sector lender Indian Bank today said that the current financial year will be a tough one for banks.
\\\\
RESISTANCE AND SUPPORT LEVEL
Posted by : mukutTracked by: 0 Boarder
This is rocking stock. Stop day trading. Wait for 1yr it will reach 350-400 ...
In reply to:
RESISTANCE AND SUPPORT LEVEL
Posted by : sankarantpr
The resistance and support level for tomarrow (03.10.08)
R1 139.35 R2 144.25 R3 152.10
PIVOT 131.50
S1 126.60 S2 118.75 S3 113.85
RESISTANCE AND SUPPORT LEVEL
Posted by : sankarantprTracked by: 0 Boarder
The resistance and support level for tomarrow (03.10.08)
R1 139.35 R2 144.25 R3 152.10
PIVOT 131.50
S1 126.60 S2 118.75 S3 113.85...
Buy Indian Bank .
Posted by : zoombusinessTracked by: 0 Boarder
Buy Indian Bank 129 TGT ........SL ..........
s and m courtesy ...
GOI is concerned after Bankmen strike
Posted by : Leave it.Tracked by: 0 Boarder
Govt concerned over US financial meltdown\\`s fall-out .It is really due to the AIBEA strike call that shaked the conscience of the Govt. Atleast now our ministers and RBI should woke up before bringing any amenedment to the Banking act.
Will they learn from others failures? A mute Qn. tobe answered now.
Press Trust Of India / New Delhi September 28, 2008, 13:44 IST reports Business standard today as under.
The financial meltdown in the US may not not have had its impact in India so far but there is concern at the highest levels in the government about the possibility of its fall-out sometime later.
Sources say though Prime Minister Manmohan Singh, an economist himself, has expressed confidence in the resilience of the Indian economy, he is concerned over the situation arising out of the collapse of international reputed financial institutions on the Wall Street.
A section in the party also feels it may be wise to have early elections before the financial crisis has its impact in India and politically the environment goes against the government.
This section cites the remarks of Planning Commission deputy chairman Montek Singh Ahluwalia that it would be foolish to think that India would not not face any economic uncertainties in the future if the turmoil in the financial markets continued for long.
The prime minister, now on a trip to the US and France and returning mid-week, would have had the benefit of his talks with world leaders and some economists by the time he is back.-source: bus.std
When the biggest economy cries and their banks are bleeding and giving yellow papers one by one,our Mr.P.C says all is well with our banking system and we need not have to worry about much. Already AIBEA has given a strong signal to the Govt. If MOF is not meeting the leaders of economics, Mr.P.C. is definitely not on the right path. The employees strike call demands are not irrelevant, as the turn of events proves so. Their points must be earnestly considered, before bringing in any fresh ammendments to the banking bill.
v.krishnamoorthy
...
Rocking stock
Posted by : mukutTracked by: 0 Boarder
Indian Bank is truely rocking in bad market like financial crisis worldwide and pvt sector pluning daily 8-10%....
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