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ArcelorMittal repays Essar Steel lenders, Rs 40,000 crore transferred to SBI

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http://www.cnbctv18.com/finance/arcelormittal-repays-essar-steel-lenders-rs-40000-crore-transferred-to-sbi-4872901.htm

 

ArcelorMittal repays Essar Steel lenders, Rs 40,000 crore transferred to SBI

 

first big victory for IBC, slimy Ruias tried to get out of paying the money, but the govt persisted. 

Edited by FischerTal

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12 minutes ago, diga said:

What's the exact exposure of SBI and other nationalised banks to bad loans? @velu


sbi to get 12k crores ..
banks are going to take 10% haircut and not more ..

 

this is expected but it’s not completely priced in .. definitely bank nifty will fly 

 

IBC is a big reform by Modi government 

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6 hours ago, velu said:


sbi to get 12k crores ..
banks are going to take 10% haircut and not more ..

 

this is expected but it’s not completely priced in .. definitely bank nifty will fly 

 

IBC is a big reform by Modi government 

SBI may have already provisioned for this. Recovery of 12K crores will make this quarters balance sheet much better than the last 3 ones imo.

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On 12/15/2019 at 4:54 PM, velu said:


sbi to get 12k crores ..
banks are going to take 10% haircut and not more ..

 

this is expected but it’s not completely priced in .. definitely bank nifty will fly 

 

IBC is a big reform by Modi government 

Should have gone up today , I think market is being cautious cos of the  protests ..if nothing major happens in next 2 days , we could see 12300 soon 

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4 minutes ago, jusarrived said:

Should have gone up today , I think market is being cautious cos of the  protests ..if nothing major happens in next 2 days , we could see 12300 soon 


even I thought ..  but probably mkt digested the news already 
anyway as as seller I never take any directional bet unless it’s expiry 

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7 minutes ago, velu said:


even I thought ..  but probably mkt digested the news already 
anyway as as seller I never take any directional bet unless it’s expiry 

 

we recovered from 11830(?) in 3 sessions , going sideways for a day is not very surprising  . Good day for writing options today .

I think the news is not completely priced in , so there should a big upswing at some point this week though . 

 

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