Suresh

Certified Risk Manager | Taking baby steps in the trading world | Cyclist & Runner

[Suresh @Suresh_w]

@Rainmaker1973 Tomorrow is Monday!

[Suresh @Suresh_w]

@FinFloww Superb analysis and I would agree with each word.

[Suresh @Suresh_w]

@swing_ka_sultan Woww.. quite poetic:)

[Suresh @Suresh_w]

@StocksbyPrakhar

[Suresh @Suresh_w]

@fropky @MaiHoonSaurabh Hahah… i never said i am an existing investor or planning to invest. Even i feel Bank is not in a good state.
Good night!

[Suresh @Suresh_w]

@fropky @MaiHoonSaurabh That article does not state that everything is goody goody with the bank. It highlights the actual issue.
Another one by Zerodha - https://t.co/JGyA7nT53B

[Suresh @Suresh_w]

@fropky @MaiHoonSaurabh Worth reading this to get full information on the transaction and where failure has happened really - https://t.co/9Y2a69YLjx.

[Suresh @Suresh_w]

@fropky @MaiHoonSaurabh I am with you when you say this is alarming situation. Banking business runs on trust and people right now have trust deficit and bank need to work on lot of things. Just didn’t agree on fraud thing. Let us agree to disagree!

[Suresh @Suresh_w]

@fropky @MaiHoonSaurabh As RBI does not permit internal desk transfer of risks, which banks was rampantly doing due to huge FCY deposits, while winding up they realized this issue.

[Suresh @Suresh_w]

@fropky @MaiHoonSaurabh Putting the circular name does not prove that they have committed fraud. They have not implemented the circular well or some control lapses or governance issues as I said earlier.

[Suresh @Suresh_w]

@fropky @MaiHoonSaurabh Sir, I am well aware about the circular and the nuances of the regulations as thats the field in which I am working.
Only thing, I don’t say people are guilty without the facts and the information become public. Happy judging people😊

[Suresh @Suresh_w]

@fropky @MaiHoonSaurabh Has RBI made this statement?
Asking to investigate where RBI sense there is a problem does not necessarily means Bank is hiding something.
Resting my case here!

[Suresh @Suresh_w]

@MaiHoonSaurabh @fropky Knowingly? How do you know that
They unearthed this during review process that mismatch the way 1 desk is valuing the internal swap vs another desk valuing trade with 3rd party.
I am not defending the issue and saying its ok. However, saying fraud is too much at this stage

[Suresh @Suresh_w]

@fropky @MaiHoonSaurabh Sorry, but Indusind bank is not a fraud case. It is failure of controls, governance issue, accounting issue, way trades were being managed, etc…

[Suresh @Suresh_w]

@iramyram Dm pls

[Suresh @Suresh_w]

@sunilgurjar01 Mangalore Chemical

[Suresh @Suresh_w]

@tapish10100 @VVVStockAnalyst Mark Minnervini
William O’Neill

[Suresh @Suresh_w]

@VCPSwing Thanks
When this update will be released?

[Suresh @Suresh_w]

@iRadhikaGupta Most of the hotels, I have been to are accepting digilocker and taking pictures directly. I have seen this even in remote areas.