Think before invest in a Banking Sector shares

KILLER99 wrote:Banks might not announce dividend this time due to high risk of COVID-19, Don't forget significant income of banks was decreased due to IMPORT RESTICTIONS.. Such LCs, Forex trading income, Domestic deposits, low level of interest income, and other thing due to low interest rates people are withdrawing deposits as well.

According to the government lending policy carried through out the pandemic, there would be a bubble like 2008 financial crisis on mortgage market, because, The government is pushing bank to increase lending rather than collecting previous as well, Don't forget they are not consider much CRIB,

Definitely this would be result to a bubble on banking sector and consequences can be enjoyed after two years    

KILLER99 wrote:Banks might not announce dividend this time due to high risk of COVID-19, Don't forget significant income of banks was decreased due to IMPORT RESTICTIONS.. Such LCs, Forex trading income, Domestic deposits, low level of interest income, and other thing due to low interest rates people are withdrawing deposits as well.

According to the government lending policy carried through out the pandemic, there would be a bubble like 2008 financial crisis on mortgage market, because, The government is pushing bank to increase lending rather than collecting previous as well, Don't forget they are not consider much CRIB,

Definitely this would be result to a bubble on banking sector and consequences can be enjoyed after two years    

THASSIM wrote:

KILLER99 wrote:Banks might not announce dividend this time due to high risk of COVID-19, Don't forget significant income of banks was decreased due to IMPORT RESTICTIONS.. Such LCs, Forex trading income, Domestic deposits, low level of interest income, and other thing due to low interest rates people are withdrawing deposits as well.

According to the government lending policy carried through out the pandemic, there would be a bubble like 2008 financial crisis on mortgage market, because, The government is pushing bank to increase lending rather than collecting previous as well, Don't forget they are not consider much CRIB,

Definitely this would be result to a bubble on banking sector and consequences can be enjoyed after two years    

I agree.Our Banking / Non-Banking sector is fragile right now with deteriorating asset quality. There won't be a crash but a downside correction.

Karthick wrote:

THASSIM wrote:

KILLER99 wrote:Banks might not announce dividend this time due to high risk of COVID-19, Don't forget significant income of banks was decreased due to IMPORT RESTICTIONS.. Such LCs, Forex trading income, Domestic deposits, low level of interest income, and other thing due to low interest rates people are withdrawing deposits as well.

According to the government lending policy carried through out the pandemic, there would be a bubble like 2008 financial crisis on mortgage market, because, The government is pushing bank to increase lending rather than collecting previous as well, Don't forget they are not consider much CRIB,

Definitely this would be result to a bubble on banking sector and consequences can be enjoyed after two years    

I agree.Our Banking / Non-Banking sector is fragile right now with deteriorating asset quality. There won't be a crash but a downside correction.

Agree with u 100%. An experienced trader can easily point out these facts. But novice investors please take care of your investment. Do your own analysis before buying any banking shares at the moment. Don't go along with the bulk traders. They had a clear plan when to exit. om that time don't get trapped.

SAFE TRADING MATTERS....



http://bizenglish.adaderana.lk/fitch-revises-9-sri-lankan-financial-institutions-ratings-on-recalibration-2-downgrades/

KILLER99 wrote:Banks might not announce dividend this time due to high risk of COVID-19, Don't forget significant income of banks was decreased due to IMPORT RESTICTIONS.. Such LCs, Forex trading income, Domestic deposits, low level of interest income, and other thing due to low interest rates people are withdrawing deposits as well.

According to the government lending policy carried through out the pandemic, there would be a bubble like 2008 financial crisis on mortgage market, because, The government is pushing bank to increase lending rather than collecting previous as well, Don't forget they are not consider much CRIB,

Definitely this would be result to a bubble on banking sector and consequences can be enjoyed after two years    

suku502 wrote:

KILLER99 wrote:Banks might not announce dividend this time due to high risk of COVID-19, Don't forget significant income of banks was decreased due to IMPORT RESTICTIONS.. Such LCs, Forex trading income, Domestic deposits, low level of interest income, and other thing due to low interest rates people are withdrawing deposits as well.

According to the government lending policy carried through out the pandemic, there would be a bubble like 2008 financial crisis on mortgage market, because, The government is pushing bank to increase lending rather than collecting previous as well, Don't forget they are not consider much CRIB,

Definitely this would be result to a bubble on banking sector and consequences can be enjoyed after two years    

 my advice , if you haven't Banking Shares buy now , otherwise you are not able to buy these prices again.  don't try to make panic in the mkt. 

KILLER99 wrote:No forward booking income to the bank.

Source: https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/cdg/Banking_Act_Directions_No_2_of_2021.pdf