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India Fund, Inc. (The) Common S Message Board

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  • When the Indian stock market went up over 40% and IFN goes down??? The manager of IFN should be fired immediately!!!

    Sentiment: Strong Sell

  • "Giving a big boost to acquiring stressed assets, Reserve Bank of India (RBI) on Tuesday further eased the rules for loan restructuring to bring in new promoters for stalled projects.

    In its monetary policy review on Tuesday, RBI said lenders will have more flexibility to extend the date of commencement of commercial operation (DCCO) to facilitate a change in ownership and revival for stalled projects.

    This could be done without changing the asset classification for loans to projects. If the advance is standard, it would be treated in the same way even after recasts that brings a new promoter on board.

    RBI is also in talks to hammer out a deal with the market regulator to beef up the equity banks can hold if they swap bad debts for shares. Currently, banks cannot be left with a holding of more than 10 per cent after a debt-for-equity swap. That is set to increase to 30 per cent.

    State Bank of India Chairman Arundhati Bhattacharya said the easing of norms in treatment of loans for stalled projects when a new promoter is brought in would change the way stressed accounts are handled. The differential pricing formula for converting loans into equity under the debt recast package will strengthen lenders..."

    Sentiment: Strong Buy

  • Reply to

    india and oil

    by hifidepot Jan 22, 2015 11:00 AM

    38-42 eoy.

  • oil will stay low for a long time. Low is under 100- bbl Inida relies on cheap labor and oil. can't say i love either one, but this is fundamental. i saw india in 93-94, traveling, and again in 2006.. the scope of modern improvements remaining is daunting. Their economy is rich in diversity and becoming more organized (oxymoron in india.. even though they tend to be very clean tidy people, it's pretty chaotic.) Go India, they deserve it..

  • good up side too

28.03+0.19(+0.68%)4:07 PMEDT