Home
Services Offered
Payment Details
My Services
Contact Us
Market Heatmap
Charts
Charts (Premium)
Chart Watch
JCharts (EOD)
JCharts(EOD-COMM)
HCharts (EOD)
HCharts (EOD-COMM)
Forum
Stock Lists
Screener (EOD)
Screener (EOD-Comm)
Breadth Charts
Calculators
Education
Links
FAQs
Search
Advertise Here
Charts (Old)
Login Form





Lost Password?
No account yet? Register
  iCharts Discussions

 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Can banks buy bank stocks....???

 
Post new topic   Reply to topic    iCharts Discussions Forum Index -> Fundamental Analysis
View previous topic :: View next topic  
Author Can banks buy bank stocks....???
WAKY88
White Belt
White Belt


Joined: 17 Dec 2009
Posts: 1

Post: #1   PostPosted: Sun Mar 24, 2013 4:55 pm    Post subject: Can banks buy bank stocks....??? Reply with quote

Hi frnds,

Can a bank buy or invest in shares of another bank in india...??

Can SBI buy ICICI or other bank shares...???

rgds,
Waky
Back to top
View user's profile Send private message
apka
Black Belt
Black Belt


Joined: 13 Dec 2011
Posts: 6069

Post: #2   PostPosted: Sun Mar 24, 2013 6:08 pm    Post subject: Reply with quote

yes they can.

Their mutual funds division can

and also they can takeover, like icici tookover bank of rajashthan. Whether they do trading for investment purpose i dont know.

Is there any news?
Back to top
View user's profile Send private message
pkholla
Black Belt
Black Belt


Joined: 04 Nov 2010
Posts: 2888

Post: #3   PostPosted: Mon Mar 25, 2013 9:47 am    Post subject: Reply with quote

When for example Reliance can buy its own shares and keep as Treasury stock, why not one bank buy of another? But do they want to is another Q!
I think the rule is one company or group cannot hold more than 10% of the equity of any bank, thats all. Even here there are exemptions like Government holds nationalized Bank shares, RBI holds SBI shares and SBI holds associate bank shares.
So there is nothing to stop ICICI holding some shares of UTI Bank
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    iCharts Discussions Forum Index -> Fundamental Analysis All times are GMT + 5.5 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum


Powered by phpBB © 2001, 2005 phpBB Group

@MEMBER OF PROJECT HONEY POT
Spam Harvester Protection Network
provided by Unspam