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.

Wednesday, November 20, 2013

A Mumbai (Bombay) based financial weekly has already given a target of Rs.109, for Allahabad Bank Ltd (Rs.91.50). Also, a Mumbai (Bombay) based brokerage houses  has given a target of Rs.272 for Bank of India Ltd (Rs.232). As of I would suggest you to focus on Infrastructure and Bank Stocks. CLICK HERE
Some of the Public Sector banks such Bank of India (BoI) and Allahabad Bank have beat Street estimates on profits in Q2FY14. The saving grace is, of course, that the pace of slippages, or fresh additions to bad loans, seems to have decelerated, at least for some lenders. 

Allahabad Bank’s slippages in the September quarter stood at Rs.1,200 crore compared with Rs.1,700 crore in the three months ended June.. Loan restructuring, too, has come down with both Allahabad Bank and BoB reporting smaller additions to their recast loan portfolios in the September quarter when compared with June.

Some lenders have guided for better asset quality numbers in the medium term, arguing that the cabinet committee on investment is clearing projects and that the economy has already hit the bottom. While part of that statement is supported by the decelerating rate of slippages and restructured loans, bad loan troubles are far from over.

But then, the main concern related to state-owned banks, namely that of asset quality, hasn’t abated.

Courtesy: Edited excerpts from Live Mint, 31st October, 2013.