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GROSS DOMESTIC PRODUCT (GDP)
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COMB,NDB,DFCC,HNB Tue Nov 24, 2015 10:30 am
Re: COMB,NDB,DFCC,HNB Tue Nov 24, 2015 10:44 am
Re: COMB,NDB,DFCC,HNB Tue Nov 24, 2015 11:15 am Re: COMB,NDB,DFCC,HNB Tue Nov 24, 2015 11:26 amIts claer theres fake sell orders with one split and ...000 quantities.worthiness wrote:Profit dividends, bonus shares, script dividends are out of bound when sellers throw out much undervalued banking shares. Amazingly, even well performing bank shares like SAMP & HNB are on losing streak.
Re: COMB,NDB,DFCC,HNB Tue Nov 24, 2015 1:54 pm
capitallinkceylon wrote:panic selling, people expecting there margin to reduce in the future. Forced branch expansion, making them stop giving out high yielding loans(leasing). Increased NBT, company tax increased by 2% also. Surcharge on credit card payments made in overseas. Banks make huge margin through that. Now lot of people will stop using there credit card overseas. They will take travel card instead of credit cards overseas.
In the long run these shares will be okay but i expect following shares to reach these level short term
NDB 195
HNB 200
Samp 240
NTB 80
At these level banking shares are very much undervalued. Even CMP these are undervalued.
Re: COMB,NDB,DFCC,HNB Tue Nov 24, 2015 3:06 pm
Re: COMB,NDB,DFCC,HNB Tue Nov 24, 2015 3:20 pmotara wrote:EC, there is a point which nobody has touched yet.
100% guarantee for deposits of NBFC. This will drain banks deposit base due to higher rates offered by NBFCs. Therefore Bnaks may have to go for more expensive borrowings.
Re: COMB,NDB,DFCC,HNB Tue Nov 24, 2015 4:08 pm Re: COMB,NDB,DFCC,HNB Tue Nov 24, 2015 8:09 pmIn my opinion , it is a good decision by the government to restrict the banks to do banking and finance companies to do the rest. It is a long term plan and beneficial for the country's development.EquityChamp wrote:otara wrote:EC, there is a point which nobody has touched yet.
100% guarantee for deposits of NBFC. This will drain banks deposit base due to higher rates offered by NBFCs. Therefore Bnaks may have to go for more expensive borrowings.
Not the way you interpreted. This guarantee has been provided to reinstate the lost confidence by public on the aftermath of calamity faced by depositors in the cases of Golden Key, TFC, CIFL, etc. There is a new limit on interest rates imposed on finance companies to prevent unnecessary funds being accumulated in the finance companies. So this budget has redirected commercial banks to concentrate on core banking activities and compel them to expand throughout the country. On the other hand encourage Finance Companies to focus on non banking financial activities.
Re: COMB,NDB,DFCC,HNB Tue Nov 24, 2015 11:13 pm Re: COMB,NDB,DFCC,HNB Tue Nov 24, 2015 11:41 pmotara wrote:NBFCs can treat senior citizens who are over 55yrs where as for banks the age is 60yrs. Now they can give 15% (where 1.5% will be reimbursed by CBSL) and capture the market which banks were catering up to now coupled with the 100% deposit guarantee. This will obviously direct banks relatively low cost funding to NBFCs where rational people over 55yrs who are maintaining there savings at banks should move to NBFCs.
This Budget is an integrated budget where thought process has been considered on funding new business (leasing, pawning) which NBFCs to receive though budget proposals.
Re: COMB,NDB,DFCC,HNB Wed Nov 25, 2015 2:36 am
Re: COMB,NDB,DFCC,HNB Wed Nov 25, 2015 4:21 am Message [Page 1 of 1]
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