Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌



Tuesday, May 21, 2013

Central Bank of India: The Chart Turns Bullish
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. CMP: Rs.70.25.