The biggest NPA trapeze artiste in PSUs is Gautam Adani. It is time he is made accountable or a PIL is inevitable
— Subramanian Swamy (@Swamy39) March 6, 2018
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Source: DRHP filings of Bandhan Bank
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Linkfest: 06 March, 2018
Some stuff I am reading today morning:
SEBI could collect 20,000 Cr in fines in sham F&O trading (BL)
Trump softens stance on tariffs (CNBC)
This could be India’s decade (Aswath Damodaran)
How to break the promoter-banker nexus (Tamal)
Sun Pharma may get lucky with Halol inspection (Quint)
Interview with Jaspal Bindra (Rediff)
Stock Analysis: Finolex Industries (Dr. Vijay Malik)
Momentum : Clenow Rotation applied on Indian Stocks (Mystic Wealth)
Investments-Do managements matter? (Bala)
The Number (Asymco)
This Book ‘The Bank Investors Handbook’ is written by Nathan Tobik & Kenneth Yellen.
I picked up the Book looking for new insights into banking stocks.
However, the Bank is written for the invoice investor in mind.
It covers the basics of banking in a very easy to understand manner.
The Book is very US centric and does not do a good job of illustrating with examples.
One takeaway from the Book I found interesting was the concept of
“Bicycle Stability Vs Table Stability”
A bicycle at speed and a table at rest are both stable items.However, for the bicycle to remain stable it needs to be continually propelled forward, whereas a table is by nature stable.
When banks engage in short term , high interest lending (Consumer,auto ,gold etc) they are in continuous search of new borrowers as the old borrowers churn off.
The authors discuss the different approaches to investing in Bank Stocks.One approach is management change…worked very well in the case of RBL Bank here in India,
Do buy this Book only if you are starting out investing in Bank Stocks.
Source: Ambit Capital Research
