That is on the liabilities side.
On the asset side - they can keep their float in govt bonds. In short - they can lend to the govt (and nobody else).
That is on the liabilities side.
On the asset side - they can keep their float in govt bonds. In short - they can lend to the govt (and nobody else).
I think the correct question to ask oneself is -
I think a positive to all the above is a good reason to start building a position.
Disclosure: I am invested
Absolutely, it is not that easy to get a lending license
If payment banks get to lend as ell - it would be back door entry into NBFC segment !!
At the max, the current workings might allow payment banks to impact CASA levels of mainstream banks and that to limited to 1 lakh INR. They can only ease the payment process.
@chiragjain1976 Perdon my ignorance - but I do not have much information on this company, so asking for the pointers.
Strangely I couldn't find a single thread in VP forum that talks about any of the above.
Yah I think Payment banks are allowed to only hold current accounts with max balance of 1 Lakh. And allowed to facilitate transactions. No deposits and loans.
Here is the brokerage report
http://breport.myiris.com/SKPSEC/SKIPPER_20150921.pdf
I though payment banks can only hold govt treasuries, and are not allowed to do any lending. Am I wrong? Any source for this piece of info?
Dear All,
Please find below details of timeline of IDFC demerger along with its impact on securities in cash and FO with record dates.
*Timelines for IDFC Bank from Oct 1 (the day on which the bank goes live and the demerger is effective) to Nov 6 (when equity shares of IDFC Bank are likely to be listed and traded).*
a) Record date for being eligible for IDFC Bank shares is Oct 5. Further, the day on which IDFC shares will trade ex-demerger (i.e. ex-bank) is Oct 1. The ‘ex date’ is the working day before the record date but since Oct 2, 3 and 4 are holidays, Oct 1 is the ex-bank date for IDFC shares.
b) To facilitate price discovery for IDFC shares ex-bank a one hour window (pre-open) from 9 to 10 am will be provided on Oct 1 on NSE and BSE. During this hour, the trades will not be live but will be there only to facilitate price discovery. Post 10 am the trades on IDFC ex-bank shares will go live on both exchanges.
c) IDFC Bank shares will be allotted to IDFC shareholders on Oct 9.
d) IDFC Bank shares are likely to be listed and traded by Nov 6. Hence, for the period Oct 9 to Nov 5, IDFC Bank shares will be unlisted.
Also, highlighting a few points related to F&O contracts:
a) IDFC F&O contracts will be cash settled on Sept 30, a day before IDFC shares become ex-bank i.e. Oct 1.
b) From Oct 1, there will be a new series of F&O contracts on IDFC ex-bank shares which will be traded and settled in a manner similar to such contracts on other listed stocks.
On Wed, Sep 23, 2015 at 12:37 PM, Chandresh Shah
Hi VI,
If you read ar 14, http://www.skipperlimited.com/pdf/skipper_annual_report2014.pdf
you will get fair idea of the lease model
From 2014 only they started lease based model,
not yet holding, but got interested , will buy on correction
Thanks,
Mahesh
As per info from company presentation - all futures and options will expire on 30th Sept and new futures will get launched on 1st Oct.
Please not that the announcement is yet to come from exchange side on the same.
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