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nivegulu 24 posts  |  Last Activity: Feb 14, 2015 8:53 AM Member since: Oct 9, 2011
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  • "Reuters | Updated On: February 14, 2015 14:52 (IST).
    Mumbai: India's HDFC Bank Ltd said on Saturday its quarterly net profit grew by a fifth, helped by a surge in corporate and retail credit demand amid hopes of a pick-up in Asia's third-largest economy.
    New Delhi expects the economy to grow an annual 7.4 per cent in the year ending in March, faster than a revised 6.9 per cent a year earlier.
    Banks in India have been hurt by an economic slowdown in the past two years that has weighed on credit growth and led to a spike in bad loans, though private lenders such as HDFC Bank have been relatively less impacted by bad loan problems than their state rivals.
    HDFC Bank's Deputy managing director Paresh Sukthankar said demand for corporate loans should continue to improve in coming quarters as small and mid-sized firms also start investing to boost capacity.
    The second-biggest Indian private sector lender by assets said net profit rose to Rs 2,795 crore ($450.33 million) in its fiscal third quarter to December 31, from Rs 2,326 crore in the same period a year earlier.
    Analysts on average had expected the bank to post a profit of Rs 2,780 crore, according to data compiled by Thomson Reuters.
    The bank's advances grew 17 per cent in the quarter to Rs 3.5 lakh crore, while net non-performing loans as a percentage of net loans was 0.3 per cent, unchanged from the September quarter.
    HDFC Bank, the most-valuable lender in India, this month raised $1.6 billion from stock sales in the United States and India to boost capital ahead of an expected pickup in economic growth that will boost credit demand.
    "We are extremely well capitalised and have enough capital to support growth," Sukthankar said.
    After rising 43 per cent in 2014, HDFC Bank shares have added 12 per cent this year, outperforming the broader market index. The main bank stock index surged nearly 65 per cent last year and is up just over 3 per cent this year.
    ($1 = Rs 62.0658)© Thomson Reuters 2015".

    Sentiment: Strong Buy

  • "Mumbai: India's HDFC Bank Ltd said on Saturday its quarterly net profit grew by a fifth, helped by a surge in corporate and retail credit demand amid hopes of a pick-up in Asia's third-largest economy.
    New Delhi expects the economy to grow an annual 7.4 per cent in the year ending in March, faster than a revised 6.9 per cent a year earlier.
    Banks in India have been hurt by an economic slowdown in the past two years that has weighed on credit growth and led to a spike in bad loans, though private lenders such as HDFC Bank have been relatively less impacted by bad loan problems than their state rivals.
    HDFC Bank's Deputy managing director Paresh Sukthankar said demand for corporate loans should continue to improve in coming quarters as small and mid-sized firms also start investing to boost capacity.
    The second-biggest Indian private sector lender by assets said net profit rose to Rs 2,795 crore ($450.33 million) in its fiscal third quarter to December 31, from Rs 2,326 crore in the same period a year earlier.
    Analysts on average had expected the bank to post a profit of Rs 2,780 crore, according to data compiled by Thomson Reuters.
    The bank's advances grew 17 per cent in the quarter to Rs 3.5 lakh crore, while net non-performing loans as a percentage of net loans was 0.3 per cent, unchanged from the September quarter.
    HDFC Bank, the most-valuable lender in India, this month raised $1.6 billion from stock sales in the United States and India to boost capital ahead of an expected pickup in economic growth that will boost credit demand.
    "We are extremely well capitalised and have enough capital to support growth," Sukthankar said.
    After rising 43 per cent in 2014, HDFC Bank shares have added 12 per cent this year, outperforming the broader market index. The main bank stock index surged nearly 65 per cent last year and is up just over 3 per cent this year.
    ($1 = Rs 62.0658)© Thomson Reuters 2015".

    Sentiment: Strong Buy

  • The Oscillators: {PercentR(10), FastD(3), FastK(3), SlowD(3, 5), SlowK(3, 5)} = {4.415325452, 13.05490947, 8.035251426, 20.7615063, 14.04811245}.
    are all below ~20 which indicates a deeply oversold level (when compared to an overbought level of 80). Expect a pullback upwards of ~300 pts in 5 days or so.

    Sentiment: Strong Buy

  • From yesterday's Business Standard:"Flexibility in loan recast to boost M&As of stressed assets". "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. Bankers and top corporate executives said RBI’s moves would help to hasten pace of resolving problem cases. The entire effort is to find early closure to problem cases than dragging them.
    R Shankar Raman, chief financial officer, Larsen & Toubro Ltd, said the steps announced reflect RBI’s resolve to tackle the problem of non-performing assets (NPAs) in important sectors like infrastructure. “Flexibility to reset the date of commencement for commercial operations and convert debt into equity at the intrinsic values are very pragmatic steps," he said."...

    Sentiment: Strong Buy

  • The NPA / NPL problems of Banks are now proactively resolved with yesterday's Policy: "RBI allows banks greater flexibility in fighting NPA menace The credit policy today announced some revolutionary steps to give bankers power over their defaulting borrowers. Loans given to stressed companies won't be marked as NPLs and they will be allowed two years of delay in the commencement of their projects provided a new management replaces the non performing old one. The credit policy today announced some revolutionary steps to give bankers power over their defaulting borrowers. Loans given to stressed companies won't be marked as NPLs and they will be allowed two years of delay in the commencement of their projects provided a new management replaces the non performing old one. Reserve Bank of India (RBI) is also looking to waive pricing restrictions when banks convert loans given to stressed companies into equity, reports CNBC-TV18's Manasvi Ghelani.Raghuram Rajan, Governor, RBI, said, "Incase a distinctly new promoter got in, then banks could get some more time to complete the stuck projects with the new promoter."That's a big breather coming in for the banks. The birthday boy may not have treated banks with a cut in key policy rates today but governor Rajan has got a thumbs up from bankers for allowing them to tackle loans that are at the brink of turning bad more flexibly.The RBI basically said that if the date of commencement of a stalled project is pushed back by two years because it is being taken over by a new promoter, then banks won't have to mark the loan as substandard. Under current rules a project that doesn't start on time has to be marked down as bad loan. Bankers say the change in rules is exactly what they have been asking.Arundhati Bhattacharya Chairman, SBI , said, "It is a very big enabler. Banks have also been asking the RBI to give this dispensation mainly because when a good promoter is coming forward to take over a stressed asset that.."

    Sentiment: Strong Buy

  • Also, the NPA / NPL problems of Banks are now proactively resolved with yesterday's Policy: "RBI allows banks greater flexibility in fighting NPA menace The credit policy today announced some revolutionary steps to give bankers power over their defaulting borrowers. Loans given to stressed companies won't be marked as NPLs and they will be allowed two years of delay in the commencement of their projects provided a new management replaces the non performing old one. The credit policy today announced some revolutionary steps to give bankers power over their defaulting borrowers. Loans given to stressed companies won't be marked as NPLs and they will be allowed two years of delay in the commencement of their projects provided a new management replaces the non performing old one. Reserve Bank of India (RBI) is also looking to waive pricing restrictions when banks convert loans given to stressed companies into equity, reports CNBC-TV18's Manasvi Ghelani.Raghuram Rajan, Governor, RBI, said, "Incase a distinctly new promoter got in, then banks could get some more time to complete the stuck projects with the new promoter."That's a big breather coming in for the banks. The birthday boy may not have treated banks with a cut in key policy rates today but governor Rajan has got a thumbs up from bankers for allowing them to tackle loans that are at the brink of turning bad more flexibly.The RBI basically said that if the date of commencement of a stalled project is pushed back by two years because it is being taken over by a new promoter, then banks won't have to mark the loan as substandard. Under current rules a project that doesn't start on time has to be marked down as bad loan. Bankers say the change in rules is exactly what they have been asking.Arundhati Bhattacharya Chairman, SBI , said, "It is a very big enabler. Banks have also been asking the RBI to give this dispensation mainly because when a good promoter is coming forward to take over a stressed asset ..."

    Sentiment: Strong Buy

  • "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

  • "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

  • "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

  • "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

  • "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

  • "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

  • "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...."

    Sentiment: Strong Buy

  • The NPA / NPL problems of Banks are now proactively resolved with yesterday's Policy: "RBI allows banks greater flexibility in fighting NPA menace The credit policy today announced some revolutionary steps to give bankers power over their defaulting borrowers. Loans given to stressed companies won't be marked as NPLs and they will be allowed two years of delay in the commencement of their projects provided a new management replaces the non performing old one. The credit policy today announced some revolutionary steps to give bankers power over their defaulting borrowers. Loans given to stressed companies won't be marked as NPLs and they will be allowed two years of delay in the commencement of their projects provided a new management replaces the non performing old one. Reserve Bank of India (RBI) is also looking to waive pricing restrictions when banks convert loans given to stressed companies into equity, reports CNBC-TV18's Manasvi Ghelani.Raghuram Rajan, Governor, RBI, said, "Incase a distinctly new promoter got in, then banks could get some more time to complete the stuck projects with the new promoter."That's a big breather coming in for the banks. The birthday boy may not have treated banks with a cut in key policy rates today but governor Rajan has got a thumbs up from bankers for allowing them to tackle loans that are at the brink of turning bad more flexibly.The RBI basically said that if the date of commencement of a stalled project is pushed back by two years because it is being taken over by a new promoter, then banks won't have to mark the loan as substandard. Under current rules a project that doesn't start on time has to be marked down as bad loan. Bankers say the change in rules is exactly what they have been asking.Arundhati Bhattacharya Chairman, SBI , said, "It is a very big enabler. Banks have also been asking the RBI to give this dispensation mainly because when a good promoter is coming forward to take over a stressed asset that promoter.."

    Sentiment: Strong Buy

  • nivegulu by nivegulu Feb 3, 2015 11:38 PM Flag

    The NPA / NPL problems of Banks are now proactively resolved with yesterday's Policy: "RBI allows banks greater flexibility in fighting NPA menace The credit policy today announced some revolutionary steps to give bankers power over their defaulting borrowers. Loans given to stressed companies won't be marked as NPLs and they will be allowed two years of delay in the commencement of their projects provided a new management replaces the non performing old one. The credit policy today announced some revolutionary steps to give bankers power over their defaulting borrowers. Loans given to stressed companies won't be marked as NPLs and they will be allowed two years of delay in the commencement of their projects provided a new management replaces the non performing old one. Reserve Bank of India (RBI) is also looking to waive pricing restrictions when banks convert loans given to stressed companies into equity, reports CNBC-TV18's Manasvi Ghelani.Raghuram Rajan, Governor, RBI, said, "Incase a distinctly new promoter got in, then banks could get some more time to complete the stuck projects with the new promoter."That's a big breather coming in for the banks. The birthday boy may not have treated banks with a cut in key policy rates today but governor Rajan has got a thumbs up from bankers for allowing them to tackle loans that are at the brink of turning bad more flexibly.The RBI basically said that if the date of commencement of a stalled project is pushed back by two years because it is being taken over by a new promoter, then banks won't have to mark the loan as substandard. Under current rules a project that doesn't start on time has to be marked down as bad loan. Bankers say the change in rules is exactly what they have been asking.Arundhati Bhattacharya Chairman, SBI , said, "It is a very big enabler. Banks have also been asking the RBI to give this dispensation mainly because when a good promoter is coming forward to take over a stressed asset that promote..

    Sentiment: Strong Buy

  • "Tata Motors second-quarter earnings came in weak, with the company clocking consolidated net profit of Rs 3,291 crore, down 7 percent from the year-ago figure of Rs 3,542 crore. The company fared well on the sales front, though, with consolidated revenue climbing to Rs 60,564 crore (up 6.5 percent year-on-year compared to year-ago figure of Rs 56,867 crore). A CNBC-TV18 poll expected the firm to post net profit of Rs 4,457 crore on revenues of Rs 56,882 crore. Earnings, however, were decent on the operational front, with consolidated profit before tax rising 19.2 percent year-on-year to Rs 5,671 crore. The weakness in the net profit can be attributed to a large tax expense the company took this quarter (Rs 2.364 crore versus Rs 1,194 crore last year). Tata Motors’ overseas subsidiary JLR notched up net profit of 450 million pounds, down from 507 million pounds in the previous quarter. Revenues for JLR rose 4.2 percent to 4,808 million pounds. The company attributed the fall in JLR profits to an “unfavourable revaluation of foreign currency debt and unrealized hedges and higher depreciation and amortization”. At a press conference, the Tata Motors management pointed out that on the operational front, margins for JLR had expanded from 17.5 percent to 19.4 percent. While the local business continued to bleed, with Tata Motors standalone numbers showing up a quarterly loss of Rs 1,107 crore on revenues of Rs 8,750 crore."

    Sentiment: Strong Buy

  • ~20 percent increase.

  • nivegulu nivegulu Nov 12, 2014 10:24 AM Flag

    Yes, time and the positive comments (section) of the Indian website moneycontrol do indeed point to this future possibility.

    Sentiment: Strong Buy

  • HDFC Ltd. may choose to merge with HDFC bank in India due to this recent development. This will almost double the market cap of the merged entity and more than quadruple the EV (enterprise value). Both the stocks could double in anticipation of this in the very near future, imo.

    Sentiment: Strong Buy

DISH
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