Discover and read the best of Twitter Threads about #AssetQuality
Most recents (6)
Critics have asked,wrt #Budget2021, how will @narendramodi govt manage finances
Well,for every rupee in govt coffers, 53paise will come from direct& indirect taxes,36p from borrowings &other liabilities,6p from non-tax revenue like disinvestment&5p from non-debt capital receipts
Well,for every rupee in govt coffers, 53paise will come from direct& indirect taxes,36p from borrowings &other liabilities,6p from non-tax revenue like disinvestment&5p from non-debt capital receipts
GST will contribute 15paise in every rupee revenue,corporate tax will contribute 13paise to each rupee earned;8paise for every rupee,will come from union excise duty,3paise from customs duty&income tax will yield 14paise to every rupee collected
Fiscal math has been worked out💪
Fiscal math has been worked out💪
On #Expenditure side,biggest outlay is for interest payments at 20paise for every rupee,followed by States' share of taxes&duties@16paise
Allocation for #Defence is 8paise &Expense on Central schemes is 14p, while allocation for Central schemes is 9paise
#Budget2021 #Modinomics
Allocation for #Defence is 8paise &Expense on Central schemes is 14p, while allocation for Central schemes is 9paise
#Budget2021 #Modinomics
#JustIn | @ICICIBank reports net profit at Rs 4,939.6 cr Vs CNBC-TV18 poll of Rs 4,269.4 cr
#3QWithCNBCTV18
*thread*
#3QWithCNBCTV18
*thread*
#AxisBank has raised 10000Cr via #QIP,at Rs 420.10,which is 5% discount to lower end of band
15000Cr,recently raised by #YesBank
In last 6 months,52000Cr raised by #Banks--#CapitalAdequacy will be key in dealing with post #Covid stress
Great move by banks to shore up Capital💪
15000Cr,recently raised by #YesBank
In last 6 months,52000Cr raised by #Banks--#CapitalAdequacy will be key in dealing with post #Covid stress
Great move by banks to shore up Capital💪
#ICICIBank wanted to raise 15000Cr but got bids worth 62000Cr today at floor price of 351.36/-
Within few hours of opening,due to huge oversubscription,#QIP was closed
Clearly,there is no dearth of liquidity in the markets
90000Cr raked in by #DebtFunds in July'20
#GreenShoots
Within few hours of opening,due to huge oversubscription,#QIP was closed
Clearly,there is no dearth of liquidity in the markets
90000Cr raked in by #DebtFunds in July'20
#GreenShoots
Lot has been written about #BoB's loss of 864Cr in June qtr,from 710Cr profit,YoY
Like i have been saying,most Banks now focus on #AssetQuality¬ just Profits
BoB hiked #Provisions by 54% on standard loans,to cover for future losses
In 2013,Banks were doing the opposite😑
Like i have been saying,most Banks now focus on #AssetQuality¬ just Profits
BoB hiked #Provisions by 54% on standard loans,to cover for future losses
In 2013,Banks were doing the opposite😑
My thread 👇 on #RBIPolicy,the need to hold rates steady for now&analysis of #CanaraBank and #BankofIndia Nos
What is amply clear is,be it #SBI,#HdfcBank,Axis,or smaller Public Sector banks,there has been a dramatic improvement in #AssetQuality,which bodes well
#EconomyOnTrack
What is amply clear is,be it #SBI,#HdfcBank,Axis,or smaller Public Sector banks,there has been a dramatic improvement in #AssetQuality,which bodes well
#EconomyOnTrack
BIG decision by #RBI,is bringing #StartUps under priority sector lending--out of the box move
Move to give 5000Cr addnl liquidity to #Nabard&5000Cr to #NHB,will help agri&real estate
Decision to set up #InnovationHub will help tech innovation&ideation
@narendramodi govt cares!
Move to give 5000Cr addnl liquidity to #Nabard&5000Cr to #NHB,will help agri&real estate
Decision to set up #InnovationHub will help tech innovation&ideation
@narendramodi govt cares!
German GDP down 10% in June qtr
France down 14%
Singapore minus 41%
#USGDP minus 32.9%,as per advance estimates
#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth
Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
France down 14%
Singapore minus 41%
#USGDP minus 32.9%,as per advance estimates
#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth
Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
Besides Farm sector,thx to Banking clean-up,by @narendramodi govt, #Banks are doing well too
#SBI reported 81% jump in net profit at Rs 4189Cr
Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%
#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#SBI reported 81% jump in net profit at Rs 4189Cr
Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%
#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#NetNPAs of #SBI fell from 2.23%,to 1.88%,in June2020 qtr
Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses
SBI made Covid related provisions worth 1836Cr inJune qtr
Total provisions against Covid related losses are 3008Cr
Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses
SBI made Covid related provisions worth 1836Cr inJune qtr
Total provisions against Covid related losses are 3008Cr
#ICICIBank to raise capital;Last time it raised capital was 20000Cr,in 2007
Capital Raising in 2020👇
#SBI to raise 20000Cr
#BoB,13500Cr
#AxisBank,15000Cr
L&T Finance,2000Cr
#HdfcLtd to raise 14000Cr
#KotakMahindraBank has already raised 7442.5Cr,#IDFC,2000Cr&JM Finance,770Cr
Capital Raising in 2020👇
#SBI to raise 20000Cr
#BoB,13500Cr
#AxisBank,15000Cr
L&T Finance,2000Cr
#HdfcLtd to raise 14000Cr
#KotakMahindraBank has already raised 7442.5Cr,#IDFC,2000Cr&JM Finance,770Cr
#IndianBanks are expected to raise between $20-$50bn in 2020
#Fitch says,Indian banks need about $20bn,with PSBs alone needing $13bn
Capital raising by Banks is hence great news,as it will boost #CAR& bring down rising credit cost from bad loans,in aftermath of #COVID
#Banks
#Fitch says,Indian banks need about $20bn,with PSBs alone needing $13bn
Capital raising by Banks is hence great news,as it will boost #CAR& bring down rising credit cost from bad loans,in aftermath of #COVID
#Banks
Various measures by @narendramodi govt in last 6yrs have empowered Indian Banking
14000Cr to be raised by #HdfcLtd for example,will be for inorganic growth opportunities
#HdfcBank for June qtr,saw 21% growth in advances,25% in deposits,with #Casa@ 40%
Banks,looking healthier💪
14000Cr to be raised by #HdfcLtd for example,will be for inorganic growth opportunities
#HdfcBank for June qtr,saw 21% growth in advances,25% in deposits,with #Casa@ 40%
Banks,looking healthier💪
