Kotak Bank: These are a few of our favorite scams

It is supposedly results season, Financial reforms have been on in this country for almost 20 years and Kotak is announcing results on May 12. Just when will people appreciate the capacity of the Indian public, Indian managers and indian investors to absorb and run an entire scam along the same parameter, that has been successfully charted for the same two decades..IPO Applications, the second coming of benami investors and non existent demat accounts, the Ketan Parikh phenomenon and much more.

Then why are we complaining? We managed to create a futures market in a 1000 Cr MCap MindTree for which we even caught the perps in small town dominant Rajasthan, we played with fire on online brokerages till ASBA came back and now when we list IPOs in seven days and don't have to pay commissions on our mutual funds, we seem to have frozen up completely in keeping markets liquidity.

And in that environment, Kotak is well within its rights ( to find the right scam, the right spoon ) to cover its losses in all this free market lafda and sleep over results for 8 weeks since the year closing. Not surprisingly the only other big banking and finance corp taking its time to report results is HDFC that is reporting on May 5, almost doing a favor by telling you about itself, Kotak deciding to take the lead to be the supreme last one to report results on May 12. It's a shame. 

And the lack of buzz and action in Kotak and ICICI bang on from where we put the ball a year and six months back here. Also the next scam will be in "over the counter" banking or the good old relationship manager - teller - customer triangulation. And there is another one unearthed today as the proud owner of Investmart, the HSBC let its MF change its scheme map and name midway thru the live scheme's 'life' ( i's an open ended scheme) SEBI of course is busy finding out if we can count funds collected under ULIP investment schemes under Funds management with the INR 8 trillion from MFs, IRDA is busy with the Ministry of Finance, who is busy with IPL, we got done a whole lot without a single dime in salary and someone else is busy with an earlier edition of Corp law amendments with no time to look at results calendar stretching to an extreme..why would Kotak bother to report results quickly, as if it was running its franchise in a growth market. You can't fule the Mumbaikar, he knows India is dead and dying everyday.

Posted via web from The investment blog on Post

ICICI BANK vs HDFC Bank - The biggies report on jam night

Both the private sector efforts that have taen the last decade of India's growth in almost their ownership having influenced governments and banks and slipped on roughshod retail portfolios without rhyme or reason, have reported they are still banks, pulling out their entire March 15 bag of tricks to report 33% jump for the Quarter for ICICI Bank and 33% jump for the full year for HDFC Bank. 

India's overall credit targets have been met with AAA borrowers getting the feed in the last fortnight of the year, aking up for a trillion INr in gap in credit disbursal targets. As earlier, HDFC has touted its cohesive leadership and people skills for a better performance in retail lifestyle segments, continuing with INR 50 B in the last quarter in unsecured loans and mortgages. ICICI has dropped in interest income in the 4th Quarter while HDFC Bank reported a jump of 27% for the full year to INR 23.5B. ICICI Bank also showed results of its blocking of retail disbursals with NPAs staying at 2.12% 

HDFC Bank's leadership in retail is hindered by its coyness in increasing its ATM presence while it leads in non metro markets with 32% of deposits and 47% of loans from its 2000 branches outside the metros, supported by only 3000 ATMs NIM  is floating at 4.2% dspite the significantly higher CASA ratio ( >45%) ICICI Bank has reported the latest CASA of 34%

HDFC Banks cost of deposit s has been significantly higher at almost 6% compared to SBI which has reported 5.2% as abnormally high for 2010

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Interesting tidbits streaming in..Unscrewing the IPL Jam | Local Deal notes..Advantage zyaada

Did IPL team offer Sunanda Pushkar and Kochi cash to back down. Will IT peg a valuation to the 70 crores sweat equity? Not only $80 million for WSG ( which may be due, as they were managing the bid winners vs MSM contract anyway) and KKr also flies in to lobby for the intermediate cash payments.. Lalit Modi's list of Private Jets and other fun assets from the last three years - Bettin gnexus or gratification for winning bids or both. 3 teams and 27 players already under ACU probe

Posted via web from The Deal Post

The 'new' breed of Politicians and over achievers

Santosh Desai has written a naturally 'poignant' piece in light of the events of the day in my now scantily read ToI copy somewhere in the Center pages. Thought he TOI by itself remains a GenXstory and not so interesting for thinkera and people of our age in life wo are politicians, business leaders, bollywood wannabes and even day to day office workers. 

However, Santosh pointed out a startingly true fact, that pressed on with an arrogance that comes from being educated and gaining a high moral ground that education gives you, Tharoor had become the kind of politician educationists back in the fond hope of raising the bar in indian Politics and getting rid of scum like Maya behnji and others..

Well,my two observation run tangentially and much in opposition to each other and therein probably a greater man may help me find the contradictions in the diction. While on one hand stripped of everything but his language even when in office, Tharoor slips into a kind of maniacal disposition while speaking and esp in his statement on NDTV and otherwise while seated in Cattle class. He slips to the side of excesses and extremes and forgets pragmatic action because he is dually blessed with youth and the gift of the gab and slips once too often making him easy fodder for the old guard. In this case, his boss in the Cabnet has himself gone through multiple such episodes at the hands of the then old guard in the Congress when even Sitaram Kesiri was counted fit enough to hold Political office. 

The second observation why I took time to post this article instead of concentrating on things banking and finance, is that another patron saint "Swami Ramdev" the exact embodiment of the discredited UP and Bihar belt like Maya behnji has anounced his decision to 'enter politic' on the same daya that Tharoor has quit. Wow, are we still looking at supporters of India does not need education lurking around looking to make a kill in The Trillion Dollar Government!

And I haven't even got to discussing Dear Mr Modi..and his hoops thru ESPN in 2001 to India's cricket achievements and then the IPL

Posted via web from The investment blog on Post

The 'new' breed of Politicians and over achievers

Santosh Desai has written a naturally 'poignant' piece in light of the events of the day in my now scantily read ToI copy somewhere in the Center pages. Thought he TOI by itself remains a GenXstory and not so interesting for thinkera and people of our age in life wo are politicians, business leaders, bollywood wannabes and even day to day office workers. 

However, Santosh pointed out a startingly true fact, that pressed on with an arrogance that comes from being educated and gaining a high moral ground that education gives you, Tharoor had become the kind of politician educationists back in the fond hope of raising the bar in indian Politics and getting rid of scum like Maya behnji and others..

Well,my two observation run tangentially and much in opposition to each other and therein probably a greater man may help me find the contradictions in the diction. While on one hand stripped of everything but his language even when in office, Tharoor slips into a kind of maniacal disposition while speaking and esp in his statement on NDTV and otherwise while seated in Cattle class. He slips to the side of excesses and extremes and forgets pragmatic action because he is dually blessed with youth and the gift of the gab and slips once too often making him easy fodder for the old guard. In this case, his boss in the Cabnet has himself gone through multiple such episodes at the hands of the then old guard in the Congress when even Sitaram Kesiri was counted fit enough to hold Political office. 

The second observation why I took time to post this article instead of concentrating on things banking and finance, is that another patron saint "Swami Ramdev" the exact embodiment of the discredited UP and Bihar belt like Maya behnji has anounced his decision to 'enter politic' on the same daya that Tharoor has quit. Wow, are we still looking at supporters of India does not need education lurking around looking to make a kill in The Trillion Dollar Government!

Posted via web from The Deal Post

The 'new' breed of Politicians and overacheivers

Santosh Desai has written a naturally 'poignant' piece in light of the events of the day in my now scantily read ToI copy somewhere in the Center pages. Thought he TOI by itself remains a GenXstory and not so interesting for thinkera and people of our age in life wo are politicians, business leaders, bollywood wannabes and even day to day office workers. 

However, Santosh pointed out a startingly true fact, that pressed on with an arrogance that comes from being educated and gaining a high moral ground that education gives you, Tharoor had become the kind of politician educationists back in the fond hope of raising the bar in indian Politics and getting rid of scum like Maya behnji and others..

Well,my two observation run tangentially and much in opposition to each other and therein probably a greater man may help me find the contradictions in the diction. While on one hand stripped of everything but his language even when in office, Tharoor slips into a kind of maniacal disposition while speaking and esp in his statement on NDTV and otherwise while seated in Cattle class. He slips to the side of excesses and extremes and forgets pragmatic action because he is dually blessed with youth and the gift of the gab and slips once too often making him easy fodder for the old guard. In this case, his boss in the Cabnet has himself gone through multiple such episodes at the hands of the then old guard in the Congress when even Sitaram Kesiri was counted fit enough to hold Political office. 

The second observation why I took time to post this article instead of concentrating on things banking and finance, is that another patron saint "Swami Ramdev" the exact embodiment of the discredited UP and Bihar belt like Maya behnji has anounced his decision to 'enter politic' on the same daya that Tharoor has quit. Wow, are we still looking at supporters of India does not need education lurking around looking to make a kill in The Trillion Dollar Government!

Posted via web from The Deal Post

The HUL is cool verses

As witnessed by the young boyish silky holi lllama of Unilever soaps in India, Gopal Vittal and of course Paul Polson and Nitin doing the rounds with the same mint (livemint.com) business paper this last week, HUL has been facing a saturating market in HPC ( Home Personal Care ), its fave brands despite the extent of branded retail being miniscule in Indian consumer's reach. Having lost upto 600 basis points in market share in different product categories they are supposedly making a comeback at the expense of P&G and its Tide and other mid market brands. They have done so by carrying the consumer rights story of HLL (HUL) to the extreme and insinuating on TV while claiming the same outside and in court that Tide is misleading consumers with lower quality products and misleading claims of quality.. They remain unrepentant but this age of HUL management is unlikely to be the global leaders as espoused by Keki Dadiseth, Vindy Banga and now Vittal's super senior Sanjay Khosla who is leading his cheesy fight for Kraft after having lurched off from Fonterra for the Mac Dip.

unilever has almost given up the fight during the recession and its comeback stuck in court while P&G would now be spending $500million on Feminine Hygiene and Pampers ads have already started doing the rounds.. See what happens? Though strangely, they have not extended there BOP market efforts in India to global memes of P&G like Bounty 's sponsorship of Sports and that by other brands leveraging NFL last year..Chicken?

Posted via web from The Marketing Post

Indian urban Infrastructure Lab - Bangalore

Despite the metro and highways forever under construction along rterial roads, Bangalore keeps growing fangs and retail hotspots..

Passing the Lifestyle store with the Escada beach babe poster #bangalore about 3 hours ago via txt

What exactly am i supposed to say to my daughter #bangalore about 3 hours ago via txt

And the Salwar suits and HDFC emi outdoor adverts #bangalore about 3 hours ago via txt

imagine keeping bluefi open on the road to recieve bus day ads #bangalore about 3 hours ago via txt

The destitutes at Destimoney are up for sale at no consideration #bangalore about 3 hours ago via txt

And the ones at Arthamoney are merged for re 1 #bangalore about 3 hours ago via txt

The festering mass plague hot spot from Richmond Circle to Vithal Mallya Road is preserved by the ASI? #bangalore about 3 hours ago via txt

I know, they are just recreating Bombay's Airport district in front of ITC royale #bangalore about 3 hours ago via txt

Probably enhances Madhu's cooking #bangalore about 3 hours ago via txt

You know the namma metro near majestic has hit oil reserves while digging? the whole place smells of gas #bangalore about 2 hours ago via txt

New Inox with Taco bell inside the Mantri SQUARE mall. a big kemp clone #bangalore about 2 hours ago via txt

Much better inside. But Mantri Square can't beat the forum on location. #bangalore about 2 hours ago via txt

 

Good lobby and 'causeways' Mantri SQUARE #bangalore about 2 hours ago via txt

This has a zero less on the tab than Select Citywalk and Emporio but lesser interest. Bangalore North is poor town about 2 hours ago via txt

BANKING Living a Crisis http://ow.ly/1uYu6 http://fb.me/vtnNhGWl about 1 hour ago via Facebook 

Start up of the month: Mastering Web Consumer Lifestyles without spam http://ow.ly/1uYxS about 1 hour ago via HootSuite 

Ooh screens for in mall adverts. Did not see any content #bangalore about 2 hours ago via txt

Tv Networks get all pervasive and then make a comeback after losing it in 2009 http://ow.ly/1uYt5 about 2 hours ago via HootSuite

The sky dome is a sexy catch |Mantri SQUARE #bangalore about 2 hours ago via txt

Coconut grave yard, Taj Biryani and Beijing bites Mantri SQUARE #bangalore about 2 hours ago via txt

Bangalore has lost its cool factor. weather, pubs, traffic 19 minutes ago via txt

New 'mall' on Mg road looks like a railway station inspired construction #bangalore Gk Vale 21 minutes ago via txt

My friends should feel jilted and discharged without free recourse to me. I still have work to do #bangalore 24 minutes ago via txt 

Carrying rolls home for lunch after missing my workout #bangalore 44 minutes ago via txt

As usual they got so casual that it took 4 people to pack 3 rolls but the rolls are good 36 minutes ago via txt 

A rice painted Buddhist math will not look out of place on Mg Road either #bangalore about 1 hour ago via txt 

Out of home has failed at Kaati Zone as well #bangalore about 1 hour ago via txt

The old man at the corner still sells FT like proper smuggled goods. bet you'd feel like a criminal for buying #bangalore about 1 hour ago via txt 

'Ayesha on TV is not the one Shoaib chatted with' - http://bit.ly/biIMvT about 1 hour ago via NewzFor.me

 

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Posted via web from The investment blog on Post