How Poor HNB?

HNB asking Rs.500 for the pay order where They are the banker to the offer textured Jursey IPO.PABC gave the pay order free of charge last time for VONE.
Any one face this incident?

bank draft you mean ?? 300 with commercial bank.

vone is a different story but normally you have to pay some amount to the bank draft.

maalinda wrote:bank draft you mean ?? 300 with commercial bank.

vone is a different story but normally you have to pay some amount to the bank draft.

what the purpose of name the this selfish HNB as banker to the offer?

Great.Stocks wrote:HNB asking Rs.500 for the pay order where They are the banker to the offer textured Jursey IPO.PABC gave the pay order free of charge last time for VONE.
Any one face this incident?

PABC gave it free of charge for VONE? What was the branch? I was charged Rs.250 @ PABC Gampaha branch. I would want to make a complaint.

dewminigamlath wrote:

Great.Stocks wrote:HNB asking Rs.500 for the pay order where They are the banker to the offer textured Jursey IPO.PABC gave the pay order free of charge last time for VONE.
Any one face this incident?

PABC gave it free of charge for VONE? What was the branch? I was charged Rs.250 @ PABC Gampaha branch. I would want to make a complaint.

they charged from me 1000 for VONE. kurunegala branch. then i ask from colombo PABC head office, they also confirm it it as 1000. what a poor bank. i will never go PABC. But BOC charge is only 100. Onna bank nam BOC.

Great.Stocks wrote:HNB asking Rs.500 for the pay order where They are the banker to the offer textured Jursey IPO.PABC gave the pay order free of charge last time for VONE.
Any one face this incident?

I paid PABC 1000/- for VONE IPO !!!!

Seylan has charged 500/= from my father.

Great.Stocks wrote:HNB asking Rs.500 for the pay order where They are the banker to the offer textured Jursey IPO.PABC gave the pay order free of charge last time for VONE.
Any one face this incident?

For what they have to give free bank draft. HNB is not a NOT-FOR-PROFIT-ORGANIZATION or a CHARITY.

Great.Stocks wrote:

maalinda wrote:bank draft you mean ?? 300 with commercial bank.

vone is a different story but normally you have to pay some amount to the bank draft.

what the purpose of name the this selfish HNB as banker to the offer?

The purpose of being a banker to an IPO is not to produce free bank drafts my dear friend.

HNB IS A SICK BANK,,,I WENT TO WENNAPUWA BRANCH,, THEY DIDNT ACCEPTED MY texterd jercy APPLICATION WITH MY CHEQ TODAY SAYING THAT THEY CANT ACCEPT IT,,,SHAME BANKERS TO OFFER,,,I DONT SEND MY DOG TO HNB,,,HOW com this bank becomes best bank in sri lanka,,???? nuts

ruwan49 wrote:HNB IS A SICK BANK,,,I WENT TO WENNAPUWA BRANCH,, THEY DIDNT ACCEPTED MY texterd jercy APPLICATION WITH MY CHEQ TODAY SAYING THAT THEY CANT ACCEPT IT,,,SHAME BANKERS TO OFFER,,,I DONT SEND MY DOG TO HNB,,,HOW com this bank becomes best bank in sri lanka,,???? nuts

TexJ was also done by DVB. Bank Drafts were FOC.

ruwan49 wrote:HNB IS A SICK BANK,,,I WENT TO WENNAPUWA BRANCH,, THEY DIDNT ACCEPTED MY texterd jercy APPLICATION WITH MY CHEQ TODAY SAYING THAT THEY CANT ACCEPT IT,,,SHAME BANKERS TO OFFER,,,I DONT SEND MY DOG TO HNB,,,HOW com this bank becomes best bank in sri lanka,,???? nuts

Not HNB, Commercial is the best bank in Sri Lanka.

ISURU wrote:

Great.Stocks wrote:

maalinda wrote:bank draft you mean ?? 300 with commercial bank.

vone is a different story but normally you have to pay some amount to the bank draft.

what the purpose of name the this selfish HNB as banker to the offer?

The purpose of being a banker to an IPO is not to produce free bank drafts my dear friend.

But my friend,
for PAP sampath charge only Rs.100
for VONE PABC free of charge
NDB also only Rs.100 for IPO when they are the banker to offer and seylan free of charge

but this sick HNB asking Rs.500.

dont try to correct this type of things by loss bankers

hope hnb doin good this is bank i use

Great.Stocks wrote:

ISURU wrote:

Great.Stocks wrote:

maalinda wrote:bank draft you mean ?? 300 with commercial bank.

vone is a different story but normally you have to pay some amount to the bank draft.

what the purpose of name the this selfish HNB as banker to the offer?

The purpose of being a banker to an IPO is not to produce free bank drafts my dear friend.

But my friend,
for PAP sampath charge only Rs.100
for VONE PABC free of charge
NDB also only Rs.100 for IPO when they are the banker to offer and seylan free of charge

but this sick HNB asking Rs.500.

dont try to correct this type of things by loss bankers

No dear friend Great.stock in the case of PAP, VONE, ODEL etc there was an agreement between both company and particular bankers to do that.
In the management perspective that is a kind of a loss leader strategy
or
in the marketing perspective it's a promotion.
There fore that kind of things or agreements never tells us the financial position of a company.
(Specially in Finance companies)

Note: I don't have any positive connection or a relationship with HNB. Even I don't have an account in HNB.
But this is just to correct your attitudes regarding the complected business world.

for VONE HNB charged only 250. but you should have an account with HNB. Any way I decided to open a current account at Union Bnak with no initial deposit...

open a current account. problem solved

npp wrote:open a current account. problem solved

Yes that is the most preferred solution for all above problems.

Hey guys, I agree with the guys who critisized HNB.
That is a Shit bank but I have 02 saving accounts with them.

This is my story but not relavent for IPO issue.

One of my friends in Managerial position in one of their branches asked me if you need any loan come to me and I will get it less than 7days. He came to me more than twice and once I thought to have a loan to settle my Credit balance in March (CSE). He said not to worry and I can get more than 2M loan under Executive category with 14% interest. Even my salary goes to Commercial Bank Savings account (dealing with them more than 6 years), as a Friend of the HNB branch Manager, I applied with the documents what they requested for a loan and open a new Savings Account in that branch too.
After 02 days, one of my friends Credit department employees called and said, "Sir, very sorry our head office not approved your application and asked me to apply as a normal loan with 02 garantors with higher interest of 16%. I didn't have time to go and find people as garantors, I thought to talk to the Manager of Commercial Bank and got 2M Executive loan for 13% interest within 02 days. Commercial bank is much ahead than HNB and I never recommend HNB for any service.

I've no Current account and what I do is, use my uncle's Cheque book to apply IPOs

ss7097 wrote:Hey guys, I agree with the guys who critisized HNB.
That is a Shit bank but I have 02 saving accounts with them.

This is my story but not relavent for IPO issue.

One of my friends in Managerial position in one of their branches asked me if you need any loan come to me and I will get it less than 7days. He came to me more than twice and once I thought to have a loan to settle my Credit balance in March (CSE). He said not to worry and I can get more than 2M loan under Executive category with 14% interest. Even my salary goes to Commercial Bank Savings account (dealing with them more than 6 years), as a Friend of the HNB branch Manager, I applied with the documents what they requested for a loan and open a new Savings Account in that branch too.
After 02 days, one of my friends Credit department employees called and said, "Sir, very sorry our head office not approved your application and asked me to apply as a normal loan with 02 garantors with higher interest of 16%. I didn't have time to go and find people as garantors, I thought to talk to the Manager of Commercial Bank and got 2M Executive loan for 13% interest within 02 days. Commercial bank is much ahead than HNB and I never recommend HNB for any service.

I've no Current account and what I do is, use my uncle's Cheque book to apply IPOs

I now have my main accounts with HNB. Had no issues till now. Got an overdraft over my FD within minutes as well. (Head Office)

Anyway I think you also have to blame your friend and not only the bank. You should have asked for the reasons your application was not approved. Having an account at Com Bank for 6 years was an advantage for you there. They would be more than willing to give you a loan

NDB is giving me bank drafts free of charge (but I have a bank account thr)

npp wrote:

I now have my main accounts with HNB. Had no issues till now. Got an overdraft over my FD within minutes as well. (Head Office)

Anyway I think you also have to blame your friend and not only the bank. You should have asked for the reasons your application was not approved. Having an account at Com Bank for 6 years was an advantage for you there. They would be more than willing to give you a loan

After more than 01 month later, we had a drink with him and one of my friends taken his case with him. He is a COO of a controversial Hospital in Colombo and his housing loan didn't approve from HNB head office too. he was applied for a loan more than 02 weeks before me and at that time the loan was not approved (In early May). My friend, the Branch manager has told the issues what they face with their head office leagal team and credit approving team. What I recognized when i heard his side story, what Branch managers do is not knowing the head office guys and there is no proper link each other. In the same time, office politics is there definitely. In my case, he said my company is not in the list of companies what they approve loans. He said, until my application is disapproved, he didn't know that my company is not in that list or they have not provided any list of companies to them to check first place before proceed any loan applications. Branch Manager has given 02-03 more examples what he faced last few months. He has gathered these points to taken up when they have discussions with their superiors.

I had another case with same branch. That day my friend was on leave and I went to the bank to collect my rejected application with my account particulars and other details. As i said, i opened savings account with them before apply this loan and I wanted to deposit 05 dividend cheques what i got at that time, but they refused to do so. Deputy manageress of the branch said, due to my Savings account has not signed by a Current account holder, I can't deposit Cheques even those came to my name. When i told this to my uncle he said, this is a rule long time ago had with government banks to open a Savings/Current account. 02 current holders signatures require to open an account. In the same time, they first refused to give me the ATM card which I applied without the letter I got from the Bank. I had the bank book, my identity card and even some of the staff members knew me at that time that I'm one of the friends of their Branch manager. After I mentioned my friend's name only they went to the senior guys in the branch and inform that chap to hand over my ATM card. I told these things to my friend and he was in a shame and he scolded those guys and that is what he could do at that time.