Discover and read the best of Twitter Threads about #Greenshoots

Most recents (6)

Banks have sanctioned Rs 1.87 lakh Cr,to 50.7 lakh units under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme,#ECLGS,of @narendramodi govt💪

Rs 1.36 lakh Cr has been disbursed to over 27 lakh units in #MSME sector,impacted by slowdown caused by #coronavirus pandemic
Ambit of scheme,expanded to include #MSMEs with turnover of up to Rs 250Cr&individuals for business purposes

As of 5thOct2020,Rs 17460Cr of loans to individuals have been sanctioned,of which 5939Cr has been disbursed

#ECLGS scheme is a big success
#EconomicRecovery #GreenShoots
As many as 33 stranded housing projects with investment of 4197Cr accorded final approval under #SWAMIH scheme

Special window for Affordable&Mid Income Housing Fund #SWAMIH,is working at fast pace to provide relief to 25048 homeowners
#EconomicRecoveryOnTrack #ECLGS #GreenShoots
Read 4 tweets
As @narendramodi ji completes 20 remarkable yrs of being at the helm,it is time to re-plug my book #TruthandDare,which captures everything--from the #Gujarat model of development,which saw 15% growth in 2005-06,to new age #Modinomics,which has lifted over 75mn people from poverty
Price of #NaturalGas will be determined by market forces,to increase affordability👇

It will debottleneck E&P sector& make e-bidding,competitive &transparent

Will reduce demand-supply anomalies&imports

Bridge Trade deficit in Oil&gas

#CabinetDecisions by @narendramodi govt💪
Another decision by @narendramodi gov is the approval for 16.6km Kolkata East West rail corridor,that will connect Howrah on West Bank of Hoogly river,with Salt Lake City on East bank

Total project cost,8575Cr;will boost mass transit system&be ready by Dec2021
#CabinetDecisions
Read 8 tweets
#HappiestMindsIPO looking to raise 110Cr,got bids worth 58000Cr

Retail subscribed 71 times
HNI subscribed 351x
Institutional,77x

Overall,#IPO was subscribed a massive 151 times,highest for a IPO in recent history

After Aug #PMI at 52,this is yet another positive

#GreenShoots
Non-life #insurers saw 10.38% rise in premiums in Aug@Rs 17623.25Cr

General insurers saw #premium collection go up 5.57% in Aug2020 to Rs13139.63Cr

Biggest gainers in premium were standalone health insurers,who saw 36.42% rise in premiums to 1462.92Cr 💪

#GreenShoots #Economy
If one thing should have been big news,it is $40billion valuation of #YONO,SBI's digital lending platform

YONO got 2.7Cr users in just 6 months--It disburses 70Cr worth loans every day,largely to #MSMEs

YONO is biggest start up by any legacy bank,#SBI in this case💪

#economy
Read 5 tweets
#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💪
#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
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&not just Profits

BoB hiked #Provisions by 54% on standard loans,to cover for future losses

In 2013,Banks were doing the opposite😑
Read 7 tweets
Left liberals went berserk,citing #ParleG sales,last yr

Now that #Britannia reported phenomenal 117% jump in profit,on back of solid 22% volume growth &82% rise in #Ebitda,biscuit sales don't matter,huh?

Britannia's 27% revenue growth, clearly shows,#Greenshoots are for real💪
#HdfcBank reported yet another stellar qtr,with #Profit up 20% in June qtr at 6658.62Cr,despite #Provisions rising 49%

NII up 17.8%,Advances up 20.9%&
Deposits up 24.6%

#CapialAdequacy went up from 16.9% to 18.9% YoY,though regulatory requirement is only 11.075%💪

#GreenShoots
#BharatBondETF raised 10000Cr, oversubscribed 3x

#YesBank raised 95%,14270Cr@ lower end of band of Rs12-13

In less than 5 months,from being run aground by #RanaKapoor&Co,to being rescued by #SBI,under aegis of @narendramodi gov&raising capital,is a great turnaroun
#GreenShoots
Read 4 tweets
#Sensex@36000+ for 1st time since 11thMarch

Rupee/$ 75.01,best since 27th March

#BajajAuto sales@2.78Lakh units, for June,up 119% MoM

#GST revenues for June,90917Cr

#AxisBank to raise $2bn from PEs

RBI commences 30000Cr special liquidity scheme for NBFCs&HFCs
#GreenShoots
#HeroMotoCorp,world's largest wheeler company,sold 4.5 lakh units in June 2020

This is a massive 302% growth over 1.12 lakh units,despatched in May 2020

This stellar performance came,in midst of a raging pandemic

Leftists& #Twitternomists, quiet😑

#GreenShoots #Modinomics💪
#UPI transactions in June hit all time high of 1.34 billion in terms of volume,Vs 1.23 bn in May2020

Value of June transactions was Rs 2.62 lakhCr,as per #NPCI data,Vs 2.18 lakh Cr in May

Huge surge in UPI trades,big vindication of #Demonetisation& #DigitalIndia

#GreenShoots
Read 5 tweets

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