Day Trading Stocks & Futures

[vikas2131]

some talk going on to sell SBI

It would be last bank that would be sold if ever happened .

 

[vikas2131]

Ultratech Cement

 

[sridhga]

This could be why PSU banks are up today:

Govt. wants RBI to takeover all the stressed assets of NBFCs

https://www.business-standard.com/a...ts-of-shadow-banks-report-119112800389_1.html

 

[primitivetrader]

It would be last bank that would be sold if ever happened .

talks are going on within govt that i know

 

[vikas2131]

talks are going on within govt that i know

Hard to believe but may be you are right. Would wait for official announcement.

 

[lemondew]

https://economictimes.indiatimes.co...-stake-sale/articleshow/67841115.cms?from=mdr

 

[siddhant4u]

This could be why PSU banks are up today:

Govt. wants RBI to takeover all the stressed assets of NBFCs

https://www.business-standard.com/a...ts-of-shadow-banks-report-119112800389_1.html

That would be worst idea ever.. to support private nbfc's from tax payers's money... wait wasn't that done already in western world during 2008 crisis ? so is there real economic crisis in India too?

Keep Calm and Carry on Trade

 

[sridhga]

https://economictimes.indiatimes.co...-stake-sale/articleshow/67841115.cms?from=mdr

There are technical errors in this article. The news could be true. But in their analysis, the author states that government's stake is higher than 75% in 5 banks including Allahabad Bank and Corporation Bank. The stake sale is supposed to happen by 2nd quarter in the next financial year.

But Allahabad Bank is supposed to merge into Indian Bank and Corporation Bank would be merging into Union Bank of India. So the 75% stake holding would be irrelevant by then. I do not think the government intends to sell stake in these entities that would get submerged. The merger may result in excess holding in the merged entity and that's a different issue. But the author is mixing up two different things in his analysis.

 

[lemondew]

old news . Something was cooking long time back.. Its not recent news. Its possible from govt to sell some stake in sbi .... only that i wished to convey.

There are technical errors in this article. The news could be true. But in their analysis, the author states that government's stake is higher than 75% in 5 banks including Allahabad Bank and Corporation Bank. The stake sale is supposed to happen by 2nd quarter in the next financial year.

But Allahabad Bank is supposed to merge into Indian Bank and Corporation Bank would be merging into Union Bank of India. So the 75% stake holding would be irrelevant by then. I do not think the government intends to sell stake in these entities that would get submerged. The merger may result in excess holding in the merged entity and that's a different issue. But the author is mixing up two different things in his analysis.

 

[vikas2131]