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Axis Bank
Now is a time to action for the fiscal crisis
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Leave it.Tracked by: 0 Boarder
Dear Guest,
You can see the difference how a bank in trouble or default is dealtwith in USA. There was a fiscal crisis. The senate met and took decisions collectively. whether it is wrong or right. There was a concerted attempt to discuss and to take a decision.
Here our PM and FM give ratio/TV talks and RBI issues statements.
The Govt. thinks that the other leaders are not worthy of consutation.There will be divergent views always. That is why we call for a discussion.
Now the political parties also do not comment on the Govt. attitude, so that some corrective steps are visibly taken. The opposition parties also to be blamed. When they meet , they simply make noice or stage walk out, without discusing the issues involved and that helps the Govt. to have a cake walk.
I am now concerned with the safety of lacs of depositors.The deposit insurance cover is also not increased. There is no voice from the economists,media and share market commentators. Here in USA, we have cover for an account upto 2.5 lacs US dollors. The trade unions like AIBEA and FCII are not touching this aspect. Are they not having bank accounts? It is really very unfortunate that the biggest union AIBEA which was able to give a call for all India Strike for two days, do not send any single point for the protection of bank deposits.Thwy all think that the PSU banks are not vulnarable for the crisis.Why they they have alimited cover for one lac of rupees.It is learned that mutual funds are also selling some holdings in NIFTY.
The fiscal crisis has spread to Europe.As there are many small countires, a concerted action to face the world economic crisis is not possible. In Ireland, the Govt. immediately covered with insurance for six banks . Is it not a signal to the country leaders? Perhaps all our radars are lent to Srilanka Govt.
I do not know when we all will see the reality. God alone should save this country.
v.krishnamoorthy ...
BSE Block Deal
Posted by : zoombusinessTracked by: 0 Boarder
AXIS BANK 1300104 Shares At 692.55
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Do you have any idea of Anxiety Index?
Posted by : Leave it.Tracked by: 0 Boarder
Every depositor should give aletter addressed to the head of the bank where they transact, to consider this point with RBI, Ministry of finance and if needed to amend the act. AIBEA should include this in their agenda as the indian banking operations cannot be completeley indifferent to the world fiscal crisis. If they cannot save the banks how can they protect the welfare of the employees?
v.krishnamoorthy
Folsom,USA
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axis bank
Posted by : hembhatTracked by: 0 Boarder
I am afraid that the falling market will also not spare this gem. There is risk aversion at this juncture....
In reply to:
axis bank
Posted by :
raman1280
some institution has been selling 35 lakh shares everyday for last three days both on nse bse,bulk deals have been reported on cnbc.the stock has turned weak with today`s closing..any idea ? 
axis bank
Posted by : raman1280Tracked by: 0 Boarder
some institution has been selling 35 lakh shares everyday for last three days both on nse bse,bulk deals have been reported on cnbc.the stock has turned weak with today`s closing..any idea ?...
BSE Announcements on Axis Bank
Posted by : MMB MessengerTracked by: 0 Boarder
AXIS Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank will be held on October 13, 2008, inter alia, to consider and take on record the Unaudited Quarterly / Half Yearly financial results for the quarter (Q2) / half year (H1) ended September 30, 2008....
BSE Block Deal
Posted by : zoombusinessTracked by: 0 Boarder
BSE Block Deal
AXIS BANK 1501381 shares at 716.35
...
Axis Bank
Posted by : zoombusinessTracked by: 0 Boarder
BSE block deal: AXIS BANK 1502504 Shares At 658.50...
Dont....Dont...Dont...ever think to sell
Posted by :
sinhabp30Tracked by: 0 Boarder
Yes, there may be a blood bath today....never mind, we all investors have already lost 70% value of our stocks but selling at this juncture in panic would certainly keep you out of your future.....out of market. so dear collegues....dont ever think to sell yr holding.....it will rebound from 3600/3300 and that is very sure...trust in our economy and think the US bailout amount of 700 billions. The FII\\`s have invested 6 billion in Indian market but they are dictating our market...if we get 5% of that amount in our growing market...what would be then....the market may touch the sky and sensex may be near to 35000....so dont panic and be quite...watch the drama which is not going to last and sure we will get out hard earned money. think...No doing anything...and watching silently is the mantras of this hour....
GOI and MOF will care to our crisis soon
Posted by : Leave it.Tracked by: 0 Boarder
Govt concerned over US financial meltdown\\`s fall-out .It is really due to the AIBEA strike call that shaked the conscience of the Govt. Atleast now our ministers and RBI should woke up before bringing any amenedment to the Banking act.
Will they learn from others failures? A mute Qn. tobe answered now.
Press Trust Of India / New Delhi September 28, 2008, 13:44 IST reports Business standard today as under.
The financial meltdown in the US may not not have had its impact in India so far but there is concern at the highest levels in the government about the possibility of its fall-out sometime later.
Sources say though Prime Minister Manmohan Singh, an economist himself, has expressed confidence in the resilience of the Indian economy, he is concerned over the situation arising out of the collapse of international reputed financial institutions on the Wall Street.
A section in the party also feels it may be wise to have early elections before the financial crisis has its impact in India and politically the environment goes against the government.
This section cites the remarks of Planning Commission deputy chairman Montek Singh Ahluwalia that it would be foolish to think that India would not not face any economic uncertainties in the future if the turmoil in the financial markets continued for long.
The prime minister, now on a trip to the US and France and returning mid-week, would have had the benefit of his talks with world leaders and some economists by the time he is back.-source: bus.std
When the biggest economy cries and their banks are bleeding and giving yellow papers one by one,our Mr.P.C says all is well with our banking system and we need not have to worry about much. Already AIBEA has given a strong signal to the Govt. If MOF is not meeting the leaders of economics, Mr.P.C. is definitely not on the right path. The employees strike call demands are not irrelevant, as the turn of events proves so. Their points must be earnestly considered, before bringing in any fresh ammendments to the banking bill.
v.krishnamoorthy
...
BSE Announcements on Axis Bank
Posted by : MMB MessengerTracked by: 0 Boarder
AXIS Bank Ltd has informed BSE that the Board of Directors of the Bank on September 29, 2008 has passed a resolution approving the allotment of Senior Notes aggregating to USD 50 million under the MTN programme through a private placement through its Hong Kong branch....
NSE Announcements on Axis Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Axis Bank Limited has informed the Exchange vide its letter dated September 29, 2008, that: "The Board of Directors of the Bank has today passed a resolution approving the allotment of Senior Notes aggregating to USD 50 million under the MTN programme through a private placement through its Hong Kong branch"....
multibaggerstockadvisor.blogspot. com
Posted by : GuestTracked by: 0 Boarder
what strategy shall we adopt to make trading in banking counters this could be easily availed from the title of this message...
I am kishor kumar.
Posted by : kishor159Tracked by: 1 Boarder
I have 23 axis bank@Rs720....
Axis Bank
Posted by : zoombusinessTracked by: 0 Boarder
NSE Block Deal
AXIS BANK 800306 Shares At 689.55
...
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