860. akroutray -- look at UCO bank when they came at IPO around 2005 @19 rs if i remeber, Look at the bank how it has transformed in just 5 Odd years. Public issues of public sectors will bring more transperancy and their chairman will be given lolly pop by finance ministry if bank doesnt perform well. Give a years time to this bank you will see share price doubled. If market was good then public issue would have been priced around 150 Rs. So any thing below 130Rs is a good accumilation price for this stock
I think I got alloted some shares..I dont know how many... But when I checked in My sharekhan account its showing me order is executed and also its showing me the application number. (normally in sharekhan if u hv not alloted any shares it s shows application number as 0 only..but if you got shares it will show you the application number)
I mean ATM network is very minimal, and I presume they are not technologically advanced.. When they leverage on some technology like SBI have been doing recently for last 3 - 4 years or so,the growth would be phenomenal.. But then all depends on good management I guess...
Thanks Pradeep Kuwait.. I agree with you on the bank's prospects..The size of the bank is very minimal compared to other PSUs, that why there is better scope of growth...Can you tell me what is the NIM for this bank?