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Why #PSB (Punjab Sind Bank) is Buzzing ?

Hit 20% Upper Circuit Today with Huge Volume ...

🌟Detailed #TechnoFunda Analysis🌟

(Must read🧵for Investors & Traders!)

@chartmojo @KommawarSwapnil Views Invited 🙏
1⃣

Punjab & Sind Bank is an Indian public sector bank headquartered in New Delhi.

Since last few days, the counter has been buzzing and today it hit 20% upper circuit with huge volumes.

#PSB #PunjabSindBank #TechnoFunda
2⃣

On Saturday, 3rd November 2022 Bank declared its Q2 Results.

Turnaround seen.

@nid_rockz @caniravkaria Views Invited. 🙏

#PSB #PunjabSindBank #TechnoFunda
Read 15 tweets
The @FT is reporting that @Channel4 is to be #privatised. "The UK government is lining Channel 4 up for privatisation by the end of 2022 and will launch a consultation on its future within weeks." from @alexebarker @MattGarrahan
@FT @Channel4 @alexebarker @MattGarrahan @catrionalewis of #NineLivesMedia, told the recent @PSBfuture conference that if @Channel4 were to be privatised, she thought @Channel4News, award-winning investigative current affairs programme #Dispatches+ #Paralympics would be the first items to be dropped.
Public service broadcasters including @Channel4 make over 32,000 hours of UK-made original TV productions a yr, compared to just c230 hours by streamers. Govt stats show UK's creative industries contribute almost £13m to UK economy every hour.
Read 6 tweets
In pre-Leveson 2007/8, a Select Committee on Communications examined "The ownership of the
#news".

With the imminent launch of Fox-News-Style #GBNews AND Rupert Murdoch's #NewsUK, I just wanted to highlight some of the entirely sensible recommendations:

publications.parliament.uk/pa/ld200708/ld…
374. "The relationship between policy makers and the media is a legitimate area of public interest. We therefore propose that politicians in all parties are open & candid about their meetings with media owners & editors." Image
375. "We do not accept that the increase of news sources invalidates the case for special treatment of the media through ownership regulation. There is still a danger that if media ownership becomes too concentrated the diversity of voices available could be diminished." Image
Read 17 tweets
Gross NPAs of #PSB's reduced from ₹8.96 lakh crore in March-2018 to ₹6.78 lakh crore in March-2020. PSBs have recovered Rs. 5,86,496 crore NPA over the last five financial years till FY19-FY20. #NPA Image
A sharp decline in fraud occurrence from 0.65% of advances during FY10-FY14 to 0.06% in FY19-20; due to fraud prevention reforms and proactive checking of legacy NPA. Number of PSBs under PCA down to three. #NPA
Asset quality has improved significantly, with the net NPA ratio reducing from 7.97% in March 2018 to 3.75% in March 2020. Gross NPAs of PSB's reduced from ₹8.96 lakh crore in March-2018 to ₹6.78 lakh crore in March-2020. #NPA
Read 4 tweets

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