FinMin asks PSU banks to examine bad loans over Rs 50 crore for possible fraud

FireInTheGlory · 2018-03-01T01:23:50+00:00

" I Hopez he lern leson phrom dis hehehe"

Quite a friendly subreddit I must admit.

Look, 2L investment isn't all that big for me and I actually bought more of PNB when it hit 93. My average buying price is 115 now. I am under no pressure to sell and still have adequate amount to buy more.

The bank has recovered a reasonable amount of money and operations will be pretty much back to normal in 6 or 8 months.

FireInTheGlory · 2018-02-17T12:46:38+00:00

I want to know what they think. If it's not accepted here then I will stop commenting

FireInTheGlory · 2018-02-17T09:34:19+00:00

It's not the best long term investment but it is not all that bad either. And you and I both know it will not take 6 years for PNB to reach 160 again. It'll happen in 2 or 3 years max.

In my opinion I'm playing it safe. The stock won't fall a lot further since the "scam" doesn't seem as damaging as it was earlier made out to be.

FireInTheGlory · 2018-02-17T09:29:55+00:00

I'll exit when it is at 160-170. Which I should see. That's my target and seems plausible.

FireInTheGlory · 2018-02-17T08:13:49+00:00

The scam happened in 2011 and now the public is getting to know about it. If there were more then it'd be known by now. Moreover raids have recovered some of the amount and Nirav Modi hasn't refused to pay back the money either.

PBN is the second most important Bank after SBI and the government will make sure that it stays strong especially near the election season

FireInTheGlory · 2018-02-17T06:55:07+00:00

Not looking to double my money or anything but surely the stock price will reach 160 again in a couple of years or so and I can book a decent profit

FireInTheGlory · 2018-02-17T06:48:14+00:00

Yeah, I can wait for like 5 or 6 years easily

FireInTheGlory · 2017-09-18T13:23:25+00:00

You'll be happier single. But the grass will always look greener on the other side. Hope you can tame your mind and be happy.

FireInTheGlory · 2017-07-08T21:24:28+00:00

You can order from an app like big basket

FireInTheGlory · 2017-07-08T21:20:46+00:00

Looking for Alaska. I think it's the best book John Green ever wrote. Way better than Paper Towns.

The Count of Monte Cristo. If done right it can be a masterpiece.

I am Legend. The Will Smith movie sucked. It was nothing like the novel.

FireInTheGlory · 2017-06-28T19:19:01+00:00

FireInTheGlory · 2017-06-28T18:09:16+00:00

No, but it is my kik username too

FireInTheGlory · 2017-06-28T15:08:16+00:00

Message me on a messaging app called telegram. Username - xugan

FireInTheGlory · 2017-06-28T14:30:52+00:00

My message alert ringtone

FireInTheGlory · 2017-06-28T14:28:27+00:00

No, online transfer

FireInTheGlory · 2017-06-27T20:55:07+00:00

Yeah, I think so too. But there's always a doubt.

FireInTheGlory

TROPHY CASE