Banks are having Huge amount of their loans as NPA's ,are we safe in investing at current level in Banks Stock.
Asked by harsh agarwal, 12 Jun '12 11:50 am
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This is happening world wide, but Indian bank profits are very strong. I would focus on banks like SBI, ICICI Bank, and top regional banks such as potentially Axis Bank. I would buy if book value below 1.5x and sell at book value above 3.5x. I recently checked ICICI and it was around 1.94x book. This is not terrible if you like the space.
Source: Tarun AgrawalAnswered by Tarun Agrawal, 18 Jun '12 04:16 am
The banking sector has been on a roll over the last couple of years, throwing up huge opportunities for wealth creation on the way....for more info please visit our website firstname.lastname@example.org or call us on +91 74 11 64 26 64Answered by prachi, 14 Jun '12 05:00 pm
Yes it is safer to invest now. Why?. With reducing interest rates the NPA will get rduced.
Source: www.smartverc.comAnswered by Smart Gains, 13 Jun '12 05:02 pm
Safe safe safe banks specilly govt midsized bank and bank of baroda very ggod in cum dividend case very attractiveAnswered by kanaklata tewari, 13 Jun '12 08:09 am
Time being not safer.Answered by anantharaman, 12 Jun '12 01:10 pm
Then where will you put your money-Every field of investment in the present climate is dangerous.Answered by radhakrishnan, 12 Jun '12 11:57 am
No we are notAnswered by rajan, 12 Jun '12 11:51 am