economic times of 20-10-09 stated that boi paid 500 crores advance tax in sep 09. sometime back this 500 crores was reported for june09 and sep 09 quarters. co must clarify which is correct, is it for sep 09 or cumulative for sep 09

i had written to bank of india head of share department seeking clarification on this matter of advance tax. he has promptly replied and i am stating in vertibum THIS IS TO INFORM YOU THAT THE ARTICLE PUBLISHED IN ECONOMIC TIMES IS THE CREATION OF THE NEWSPAPER. THE Bnk do not take the responsibilty of what is written there. this IS TO CLARIFY THAT THE FIGURE OF ADVANCE TAX MENTIONED THERE IS FOR THE PAST 6 MONTHS AND NOT FOR THE QUARTER. AS PER POLICY BANK DO NOT RESPOND TO ANY MEDIA, NEWS ETC . THE NEWSPAPERS MUST BE CAREFUL IN WRITING PRICE SENSITIVE INFO AND MUSR FIRST VERIFY. I ALSO COMMEND BANK OF INDIA FOR THE QUICK CLArification which is sen in singapore where i reside having worked in leading mncs in india and singapore. i will now analyse the impact of this info for the readers. the tax of 5000 m will be 45%of total tax payments as first instalment of june 09 is 15% and sep 09 , 30%. if 5000m is 45%, full year will be 11111m , about the same as last year when tax provision in books was 11571m and pat was 30073 m giving an eps of 53, tax % on pbt last year was27.8%. in june 09 q tax provision was 2859m , 33% of pbt. if we apply this june 09 %, then pat for 2009-10 willbe about 22589m giving an eps of 43 which is against last year of 57. (please see that the correct eps for last year is 57 and not 53 stated herein above. . on this basis , the current price seems to be high and may come down once sep 09 results are announced.

Dear Gupta, I need to understand how the price will be calulated based on EPS so i can trade accordingly. kindly help me out.

the fair price for a psb at current market philosophy and valuaion seems to be in the range of 4-8 and price to adjusted book value 1.0 to 1.5. i feel that it is very low but that seems to be the market thinking with which one cannot fight at present. on the other hand private banks are quoting at 11-30 times eps and price to adjusted book value of 2-4. in my view allhabad bank seems to be best bet in banking sector

what is the right price to enter boi. please suggest.

what is the best price to enter boi or can i short at 325 level and what price to cover up. please suggest me.