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Can banks buy bank stocks....???

 
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Author Can banks buy bank stocks....???
WAKY88
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Post: #1   PostPosted: Sun Mar 24, 2013 4:55 pm    Post subject: Can banks buy bank stocks....??? Reply with quote

Hi frnds,

Can a bank buy or invest in shares of another bank in india...??

Can SBI buy ICICI or other bank shares...???

rgds,
Waky
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apka
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Post: #2   PostPosted: Sun Mar 24, 2013 6:08 pm    Post subject: Reply with quote

yes they can.

Their mutual funds division can

and also they can takeover, like icici tookover bank of rajashthan. Whether they do trading for investment purpose i dont know.

Is there any news?
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pkholla
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Post: #3   PostPosted: Mon Mar 25, 2013 9:47 am    Post subject: Reply with quote

When for example Reliance can buy its own shares and keep as Treasury stock, why not one bank buy of another? But do they want to is another Q!
I think the rule is one company or group cannot hold more than 10% of the equity of any bank, thats all. Even here there are exemptions like Government holds nationalized Bank shares, RBI holds SBI shares and SBI holds associate bank shares.
So there is nothing to stop ICICI holding some shares of UTI Bank
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