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So #FOMC decides to keep rates unchanged at 0%-0.25%
Interest on excess reserves raised by 5bps from 0.10% to 0.15%
Inflation forecast raised by 100bps from 2.4% to 3.4%,though #Fed says long term goal is 2%
No #RateHike before 2023,says Powell;In March,he said,not before 2024
Interest on excess reserves raised by 5bps from 0.10% to 0.15%
Inflation forecast raised by 100bps from 2.4% to 3.4%,though #Fed says long term goal is 2%
No #RateHike before 2023,says Powell;In March,he said,not before 2024
Sensex at 44000+,Nifty at 13000+ & #BankNifty at 9 month high of 30000+💪
Amongst top gainers in rally are SBI,ICICI Bank&Axis Bank;549% rise in Profit in #ICICIBank,reinforces, rally is not just liquidity driven,but excellent Sep qtr results have played big role
#EconomyRising
Amongst top gainers in rally are SBI,ICICI Bank&Axis Bank;549% rise in Profit in #ICICIBank,reinforces, rally is not just liquidity driven,but excellent Sep qtr results have played big role
#EconomyRising
SBI reported PAT of 4574.16Cr in Sep'20 qtr,up 52% YoY&9% QoQ
Note,most analysts were not expecting SBI to clock profit of more than 2100 or 2200Cr
PBT for #SBI came at 6341.45Cr,up 25.33%,YoY&14.3%,QoQ
Operating profit was up 12% at 16460Cr in Q2FY21
#EconomyRising #Banks
Note,most analysts were not expecting SBI to clock profit of more than 2100 or 2200Cr
PBT for #SBI came at 6341.45Cr,up 25.33%,YoY&14.3%,QoQ
Operating profit was up 12% at 16460Cr in Q2FY21
#EconomyRising #Banks
#SBI is not any other Bank;It is biggest Bank in India,accounting for one fourth of India's lending activity, so great results by SBI,signify, #EconomyRising
NII at 28182Cr,up 5.7%,QoQ
NIMs up 12bps YoY at 3.34%
GNPA in Sep Qtr fell to 5.28% Vs 5.44% in June qtr,with NPAs down
NII at 28182Cr,up 5.7%,QoQ
NIMs up 12bps YoY at 3.34%
GNPA in Sep Qtr fell to 5.28% Vs 5.44% in June qtr,with NPAs down
