FischerTal Posted December 14, 2019 Posted December 14, 2019 (edited) 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 December 14, 2019 by FischerTal Straight Drive 1
diga Posted December 15, 2019 Posted December 15, 2019 What's the exact exposure of SBI and other nationalised banks to bad loans? @velu
velu Posted December 15, 2019 Posted December 15, 2019 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 diga, Straight Drive and FischerTal 3
Straight Drive Posted December 15, 2019 Posted December 15, 2019 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. velu 1
jusarrived Posted December 16, 2019 Posted December 16, 2019 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
velu Posted December 16, 2019 Posted December 16, 2019 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
jusarrived Posted December 16, 2019 Posted December 16, 2019 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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