NPA rising due to two factors- Economic slow down and above all rising defaults often due to poor decisions prompted by party sponsored Nepotism and hopes of awards.
Need a new team to turn the ship around.
Their Buisness model was not appreciated from the start . Even if the product was safe and effective, it did not explicitly address the linked Insurance and who would bear the cost.
Not likely for the next 5 years.
The owners had a huge ego which Wall St exploited by egging them to BUY more Steel & Ore Cos at inflated prices whilst they unloaded shares.
Their assets are considered toxic by some as they cannot be shut down because of Govt backed unions and the fact that if they do, those Govts will sue them for clean up.
The actuals only show that the number of your desperate postings have increased with time while the Banks loan default portfolio has grown. Move on.!
The CEO needs to be shuffled out. The performance since 2007 has been in a downtrend due to bad loans and mounting losses.
They still have a bucket full of such loans whose write down is eagerly awaited.
Years because the data they would like is tucked away and not Transparent,
Not True; I understand JP was on the short list to head a new start up dealing with cloning of super pigs being reared in a sterile enviro just outside Chonging wher there is a huge market.
The selection team said that the pigs were all very excited when they saw a person just like them.!
Many farmers are unable to meet thir agri loan repayments due to a shortfall in the annual rainfall. The Banks will now face a rough year with large losses.
Keep your powder dry.
Should close out for good..
Mgmt have enjoyed your generous money. They wish you could have joined them but dont forget they did it for you.!