Hardip Patel
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Good idea to make Indian public fool

Hardip Patel at 08:21 AM - Jun 06, 2019 ( ) Views: 219

1

Bank of India has put up 55 NPA accounts for sale, as part of its plans to sell Rs 30,000 crore of bad debts in the current FY.
-Business Standard

 

Will this 55NPA account convert into Performing Assets for buyer? If so then why not for Bank of India ?

think twice who give this idea to sell NPA account?


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Sumanth Kumar at 09:51 AM - Jun 06, 2019 ( )

Blunt, but True😜

Abhinav Jain at 08:53 AM - Jun 06, 2019 ( )

Banks dont do business, they lend to businesses... With what half logic people jump to conclusions here is amazing.

Abhinav Jain at 08:53 AM - Jun 06, 2019 ( )

Banks dont do business, they lend to businesses... With what half logic people jump to conclusions here is amazing.

Abhinav Jain at 08:51 AM - Jun 06, 2019 ( )

Turnaround of the Company:  In 2001, IFB Industries was declared as a “sick company” on account of slowdown in business and heavy debt burden and therefore referred to the BIFR (Board for Industrial and Financial Reconstruction). The company recorded a loss of Rs 145.34 crores and a total accumulated loss of Rs 266.72 crores for the year ended March 31, 2001. On 14th January 2009, a draft rehabilitation scheme submitted by the company was approved by BIFR and the company ceased to be a sick unit and was hence discharged from the purview of BIFR. The company’s net worth had become positive and it had also managed to convert itself into a debt free company by March 09.

----

That time it was under 5 rupees.. today ahare price is in 700s with market cap over 3000cr.

Search for turnaround companies, its not hard.

Abhinav Jain at 08:36 AM - Jun 06, 2019 ( )

It can be of one gets it at a cost where they xan afford add more expenses to refine it.

IFB industries went bankrupt almost and bad to restructure ita debt with banks. Now look where it stands.

Of you got a house worth 100/- at 60/- and  added 20/- worth expenses in making it look better and liveable, are you at a loss or gain?

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