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basant
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Joined: 01/Jan/2006
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   Topic: Budget 2008 - Here comes the reality!
Posted: 28/Feb/2008 at 11:22am |
Small and Marginal Farmers get a loan waiver. PSU Banks will get cheaper from here also. Let us wait for the fine print. meanwhile we can keep track of the book value of SBI, PNB, DENA and LENA Bank
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nitin_jagtap
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Posted: 28/Feb/2008 at 11:32am |
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PSU Banks are cheap ...will get cheaper ..will continue to remain cheap for a long time ...thanks to coalition politics ...no stern measures can ever be taken...I think same will hold good for providing free electricity ..the SEBS will suffer and the power generation and transmission companies will have to bear the brunt.
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Warm REgards
Nitin Jagtap
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smartcat
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Posted: 28/Feb/2008 at 11:35am |
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I think I'm a small and marginal farmer. I'm the one who gets vegetables & fruits everyday from the market!
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investor
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Posted: 28/Feb/2008 at 11:35am |
Total loan waiver around 60000 cr. Will all banks get hit? How about UTI? how badly will it be affected?
Originally posted by basant
Small and Marginal Farmers get a loan waiver. PSU Banks will get cheaper from here also. Let us wait for the fine print. meanwhile we can keep track of the book value of SBI, PNB, DENA and LENA Bank |
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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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investor
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Posted: 28/Feb/2008 at 11:38am |
Total agri loan waiver is estimated at Rs 50,000 crore. Waiver amounts
to 4% of total bank loans. Almost all PSU Banks have been hit by this; Dena Bank, down 4.3%, PNB, down 5.9%, SBI, down 3.5% and OBC, down over 3%, among others
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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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nitin_jagtap
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Posted: 28/Feb/2008 at 11:39am |
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Private banks no problem hopefully no one has exposure or isnt obliged to take exposure to this sector in the name of social sector lending ...... only mai baap sarkari banks (PSU ones ) will have to take it on their chin.
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Warm REgards
Nitin Jagtap
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valueman
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Posted: 28/Feb/2008 at 11:40am |
Originally posted by gopal
Ok TEDies,
The FM in his speech has just written of farmer's loan and in his speech he inform's total cost will be about 50 thousand crore totall including ots ..... further he says those farmers can take new loans after the waiver is confirmed with the bank ....
How will this effect banks ..... won't banks have big losses then .....
thnx |
The vote banks will improve 
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To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks .
Benjamin Graham.
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nitin_jagtap
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Posted: 28/Feb/2008 at 11:42am |
Originally posted by smartcat
I think I'm a small and marginal farmer. I'm the one who gets vegetables & fruits everyday from the market! |
Cat I have a small 30*40 site in my name and grow some tomatoes and cucumbers there so I qualify as a farmer..I am planning to write to the FM asking him to get my personal loan waived off. 
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Warm REgards
Nitin Jagtap
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