Market Advisor http://www.telugupeople.com/profiles/market_advisor
| Market Advisor wrote at: 18, May 2010 8:17:40 AM I really suspect this whole deal. BOR is a fundamentally strong bank with a huge under-valued asset base. Imagine a bank that was started 60 years ago has tons of great downtown assets which you cannot even value as per todays prices. In the books their values are lot less. Now, with couple of made-up scams, ICICI is buying out this huge, great old bank for pennies!
'Scam-hit' BOR to merge with ICICI Bank http://www.financialexpress.com/news/scamhit-bor-to-merge-wi
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