Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Tuesday, May 14, 2013

Central Bank: Ready To Move Up
Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank. Sir Pherozesha Mehta was the first Chairman of a truly 'Swadeshi Bank'. In fact, such was the extent of pride felt by Sir Sorabji Pochkhanawala that he proclaimed Central Bank of India as the 'property of the nation and the country's asset'. He also added that 'Central Bank of India lives on people's faith and regards itself as the people's own bank'. During the past 99 years of history the Bank has weathered many storms and faced many challenges. The Bank could successfully transform every threat into business opportunity and excelled over its peers in the Banking industry.
Shareholding Pattern: The promoters hold 85.31% while the general public holds 14.69%. Among th general public FIIs hold 1.73%, while DIIs hold 7.65%.
Financials: (i) The Audited results for the Quarter ended March 31, 2013: The Bank has posted a net profit of Rs.1691.50 million for the quarter ended March 31, 2013 as compared to net loss of Rs.(1052.30) million for the quarter ended March 31, 2012. Total Income has increased from Rs.53717.50 million for the quarter ended March 31, 2012 to Rs.64035.70 million for the quarter ended March 31, 2013.
(ii) The Audited results for the Year ended March 31, 2013: The Bank has posted a net profit of Rs.10149.60 million for the year ended March 31, 2013 as compared to Rs.5330.40 million for the year ended March 31, 2012. Total Income has increased from Rs.205448.00 million for the year ended March 31, 2012 to Rs.235279.80 million for the year ended March 31, 2013.
For FY13, Central Bank of India Ltd posted an EPS of Rs.11.24 as against Rs.5.95 in the same period previous year. This gives a natural target of Rs.95, for the scrip in the short term after giving suitable discounting.