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smartcat
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   Posted: 03/Oct/2007 at 4:29pm |
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Thought so.
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basant
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Posted: 14/Oct/2007 at 7:49pm |
Which means, as the competition already exists, 2009 may not herald a dramatic change. Says Aditya Puri, managing director, HDFC Bank: “Foreign banks and their NBFCs are already into consumer finance, credit cards, the broking business, investment banking and so on. We’re already competing head-to-head with them. It won’t be easy for them to scale up.” Perhaps not, but they are likely to use the takeover route once it is allowed. HSBC’s aborted attempt to take a stake in UTI Bank is a case in point, while ING has successfully taken over Vysya Bank. In recent years, foreign bank participation has increased tremendously in several developing countries. In Argentina, Chile, the Czech Republic, Hungary and Poland, more than 50 per cent of banking assets are in foreign-controlled banks
Read the full article here:
Edited by basant - 14/Oct/2007 at 7:50pm
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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omshivaya
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Posted: 14/Oct/2007 at 8:49pm |
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Very nice article. Thank you Basant sir.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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basant
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Posted: 14/Oct/2007 at 10:38am |
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Apparently Axis bank has come out with block buster results would have to check up in the back drop of increased equity. It remains an excellent play on the Indian Banking industry for someone who is concerned about capital protection and still seeks growth..
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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investor
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Joined: 06/Sep/2006
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Posted: 14/Oct/2007 at 11:01am |
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Basantji, since there are so many banks listed out there, and its very difficult to take a call on which ones will get re-rated. If one wanted to play the "Banking-2009" story, is it a good decision to get into Reliance Banking fund, and sit tight - its as good as bauying a basket of banking stocks, isnt it?
Or is it that it has a heavy weightage to the bigger banking stocks(SBI, ICICI, HDFC) that it wont be of much use as all the action will be in the smaller stocks?
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The market is a place where people with money meet people with experience.
The people with experience get the money while people with money get experience!
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basant
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Posted: 14/Oct/2007 at 11:18am |
Heavy weights worry me that is why I have my own portfolio into banks. Also Reliance Bank fund has missed most of the tricks in the rally they have focused on PSU's and that will never be sold. The ones that will be sold are the relatively smlaller capitalised companies which we have been discussing on the forum. But we cannot buy on takeover only that is why it is essential to buy a stock with 30%-40% CAGR with takeover triggers.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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catchsudipto
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Joined: 06/Sep/2006
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Posted: 14/Oct/2007 at 11:26am |
Dear Sir,
Congrats  . You are really spot On. WOW what a block buster result from Axis bank.
Edited by catchsudipto - 14/Oct/2007 at 11:44am
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Make your Life as simple as possible.
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shivkumar
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Joined: 02/Oct/2007
Location: India
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Posts: 2037
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Posted: 11/Nov/2007 at 9:45pm |
Which of the foreign banks are FII holdings highest in? Am asking because big time sell offs are possible in the coming weeks due to the sub-prime crisis. I think it presents excellent opportunities for long-term investors. Comments, etc please. A blogger, Deepak Shenoy, has a nice take on what could happen. - US financial market is going to collapse. Lots of reasons for that, but I don't like it one little bit.
- Hedge fund redemptions are on and the impact will be visible post Nov 15.
- The new mark to market accounting rules for financial institutions gets visible on Nov 15, and already some banks have revealed assets they own, that they have NO idea what their worth is, and that are greater than the capitalised base of the banks. Duh.
- The Indian market data does not look good. Futures have moved
to discounts from premiums, and there is a lot of call writing. The
option data shows a lack of big investor participation on the buy side
at least.
- Distribution in large stocks, accumulation in midcaps. Yes,
the retail investor is getting in. Time to move out and wait for the
inevitable.
- Trading distortions all over the world and accounting
indicates that investors will churn out their profitable assets (read:
India). And this is exactly what is happening.
Edited by shivkumar - 11/Nov/2007 at 9:48pm
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