Discover and read the best of Twitter Threads about #BANKS

Most recents (24)

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%
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💪
#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
Read 13 tweets
For those new to #Chainlink ...

Here's a original LINKPILL doc that's been sitting on my machine for almost 3 yrs! from the early days, its still very relevant - except the partnerships! we've now got 220 on chainlinkecosystem.com/ecosystem 🔥

Enjoy! and give it a RETWEET.

$LINK

1/10
Read 10 tweets
#CHINA BACKED OUT OF WAR WITH INDIA ONLY BECAUSE LIFE TIME PRESIDENT #XiJinping XI AND HIS MAD COMMIES KNEW THAT THEY WOULD HANG BY THEIR NECKS ..AND CHINA WOULD BE SPLIT INTO FOUR PARTS , WITH #TIBET BEING THE NEW NEGHBOUR OF INDIA.
in.investing.com/analysis/china…

THE ROT RUNS DEEPER.
A HUGE PERCENTAGE OF CHINESE #GOLD BARS IN THEIR BANK VAULTS ARE FAKE..

CHINA’S DEBT-TO-GDP RATIO STANDS AT 372 % AT PRESENT.

DOMESTIC INFLATION IS PICKING UP. SOONER OR LATER, BEIJING WILL FIND THAT IT CAN NO LONGER COVER UP THE CRACKS IN ITS DEBT WALL.
CHINESE WORKERS WAGES ARE NOW HIGH. THE WEST FINDS THAT COST OF MANUFACTURING GOODS BY RELOCATING TO #CHINA IS NOT WORTH IT..

#USA IS A BEGGAR WITH 26.4 TRILLION USD #DEBT

OPEN THE LINK BELOW AND LOOK AT THE TOP LEFT HAND CORNER.

@davidicke
Read 49 tweets
A thread on Bank Transactions
Nigerian Banks have finished this Nation.
They are silent killers and unarmed robbers.
If you're in doubt, below are series of charges always placed on innocent customers in a single banking transaction.

1 VAT.
2. Account maintenance charges
3. SMS alert charges
4. Transfer charges
5. Postal STAMP DUTY charges
6. Weekend charges.
Now, the Apex bank, the unarmed robbers' boss introduced a CASHLESS ECONOMY whereby everyone does not need to carry cash for any transaction.
The problem is this: I am Cement Trader. The landing cost of a bag of cement is #2,550 while we sell #2,600. That is a profit of just #50 per bag of cement.

Now on every 2 bags of cement, a customer transfers #5,200 into my account due to CASHLESS policy and my profit is #100.
Read 15 tweets
@Timccopeland @EastMother @xGozzy @ahcastor @ncweaver @decryptmedia Not possibly almost certainly. I have been researching #gts #globaltransactionservices since 2015. their services have faciliated the transfer of $billions for ponzi schemes, money launderers #maximtrader #fxunited #binaryoptions #crypto
@Timccopeland @EastMother @xGozzy @ahcastor @ncweaver @decryptmedia I too for a while believed that #bitfan2013 was likely to be #ozyosef but I was wrong. I even went as far to identify the 4 banks #bitfan2012 mentioned....ironically quoting various #banks from the #gts stable.
Read 19 tweets
"Banking was conceived in iniquity and was born in sin. The bankers
own the earth. Take it away from them, but leave them the power to
create deposits, and with a flick of the pen they will create enough
deposits to buy it back again.
However, take it away from them, and all
the great fortunes like mine will disappear and they ought to disappear,
for this would be a happier and better world to live in.
But, if you wish
to remain the slaves of the bankers and pay the cost of your own slavery,
let them continue to create deposits."
Read 17 tweets
Thread: Loan To Value Ratio

If you are a home buyer and plan to take a housing loan to finance your purchase, or if you are planning to invest in a housing finance company, this will add more to your knowledge base.
Loan-To-Value or LTV Ratio is the proportion of the home value that can be financed by Banks/NBFC's for your home purchase. So if the LTV ratio of a bank is 80%, that means the will lend you Rs. 80 for every Rs. 100 worth of home you are planning to buy.
Well, If the bank is going to lend only 80%, where is the remaining 20% going to come from? Your Pockets. Yes, Its called Down Payment.

Why is this ratio important for Banks/NBFC's? Well, It defines the risk that bank takes.
Read 10 tweets
⚠️WILLFUL BANK DEFAULTERS:

🔸Gitanjali Gems: ₹5492 Cr

🔸REI Agro: ₹4314 Cr

🔸Winsome Diamonds: ₹4076 Cr

🔸Rotomac: ₹2850 Cr

🔸Kudos Chemie: ₹2326 Cr

🔸Ruchi Soya: ₹2212 Cr

🔸Zoom Developers: ₹2102 Cr

(1/2)
🔸Forever Jewellery: ₹1962 Cr

🔸Kingfisher Airlines: ₹1943 Cr

🔸Gili India: ₹1447 Cr

🔸Nakshatra: ₹1109 Cr

QUICK FACTS:

A total of ₹68,000 crore worth of #loans of top 50 defaulters have been written off by #banks.

6 of the 50 #defaulters are from the #diamond market.
The Govt had refused to reply to the question about the total willful defaults written off by banks.

RBI finally disclosed the details after an RTI request was filed by @SaketGokhale

Known names: Mehul Choksi, Vijay Mallya, Kothari Group, Sandip Jhujhunwala, Jatin Mehta
Read 3 tweets
Highlights of @RBI Governor @DasShaktikanta's first interview since the beginning of nationwide lockdown announced over a month ago. 👇(Source: @cogencis)

#COVID19
#FiscalPackage
#EconomicImpact
#IndiaFightsCorona
In an interview given to news agency @cogencis, @DasShaktikanta said even though there is an animated discussion on the subject of the central bank monetising the govt's budget deficit amidst the ongoing fight against #COVID19 pandemic, he has not taken a view on the issue. 👇
Highlights of @RBI Governor Das' comments on #RBIAutonomy #Banks #NBFCs #FintechSpace in an interview to news agency @cogencis
Read 3 tweets
Proposition: #Banks won't rally because rates -long & short- are too low; #Japan is our marker, banks there falling while US/#EZ rose pre-#GFC, not gaining afterward; Also v-a-v EZ peers, #US bank returns were anomalous, ergo can't be repeated. 1/x
Response: Banks make money by increasing charges in the absence of NIM
NB: When long rates are artificially suppressed & flattened to/thru 0%, opportunity cost vanishes and demand for money -as a savings medium, not a transactional tool - RISES 2/x
It wasn’t low rates per se that held #Japan banks back, post 1989, but scattered failures and an heroic amount of write-offs and restructurings of their toxic, bubble-era legacy - something which helped the country’s eventual, creditable real per capita GDP recovery. 3/x
Read 11 tweets
1. In the German news they now claim that a "global government" response may be needed to fight the #COVID19-crisis.
Of course the #NWO-pushers are pushing for a World Government. They always have & the #UN, the #IMF. EU-Brussels and many more will do so too!
2. That a more centralized response brings little can be seen with:
- The UN & #WHO: They failed to alert the world to a new Killer-Virus! The WHO was alerted to #COVID19 back in December 2019!
The UN was still playing the virus down end January 2020!
#Covid_19 #GlobalGovernment
3. A more centralized response brings little:
- The #EU under #VonDerLeyen has failed completely in the #COVID19-crisis. They rather push more mass-#migration (which will help spread the virus) & Von der Leyen cries that she can't push her new #GreenDeal harder!
Read 15 tweets
Largely because (a) the injections functioned differently last time as it was primarily a financial seizure, not a real one; (c) the real assets which did deflate -RE- are the very ones which have since most risen in price (“inflated”); (d) intl division of labour then undamaged
Somewhat risible to say no fiscal response last time, even if this one is shaping up to dwarf it. That’s just #Keynesian dinosaurs trying to say only their Master’s nostrums can work.
Worry is, we redo the 30s: lacklustre growth as too big a Boondoggle state exploiting its edge.
The state runs only the softest of soft budgets, is the most wasteful, least productive, most monolithic, least innovative of spenders. Backed up by a compliant #centralbank -monetary ‘authority’ is now a joke!- that implies lots of (misdirected) demand for not much extra supply
Read 7 tweets
THREAD ON💱📊💶💰 RT 1)

What Is the Federal Reserve System?
The Federal Reserve System (FRS) is the central bank of the United States. The 'Fed,' as it is commonly known, regulates the US🇺🇸monetary & financial system. #Money
@realDonaldTrump @GenFlynn investopedia.com/terms/f/federa…
WHO CONTROLS ALL OUR MONEY? 2) RT

Watch this excellent historical video that will clarify & answer this question! #MoneyForThePeople #FederalReserveSystem #banks

ThanQ 🙌 ColdFusion >UTube
@realDonaldTrump @GenFlynn
WHERE IS THE FED? WHO CONTROLS ALL OUR MONEY?

Note u're choice. Are u in agreement? Why / why not?
Read 11 tweets
1/ Just wanted to state the obvious, even though I think the majority has no clue whats going on. #Finance, #Business, #Banks, the #economy as we know it has finally collapsed, well the governments might be able to hold it out a little more because most people are so blind.
2/ While Governments are spreading massive fear about #coronavirus, there are worse things happening behind the scenes. Don’t get me wrong, Corona is bad. They always use fear to control us when they lose control, it makes us think irrational, and more reliant to the governments.
3/ The global system collapse has already started. Ive been calling for a system collapse for a decade, now its finally unraveling. People always laugh it off, call me crazy and what not. Presented this for a huge company over a year ago called WESTCON Yards – response was laughs
Read 17 tweets
Not to root for state or CB intervention, with #coronavirus, its inevitability must be faced. So how to make it the least damaging and not allow it to become entrenched in the system and lead to another decade of distortion & waste like post-#GFC? 1/x
Problem is to try to avoid the failure of otw viable firms because of disruptions due to the global health emergency - & also to spare their employees from ruin. Flooding money into financial markets is NOT the answer, #JayPowell! Blind fiscal expansion, neither, #DonaldTrump 2/x
Here's the kernel of an idea. Finmarkets are desperate for 'safe assets'. nominal yields are trifling; real ones negative. S-o-o, launch a special series of #Treasury bonds to sate the market's hunger & halt the potentially disastrous collapse in yields. 3/x
Read 11 tweets
Dear @AxisBank & @DrJitendraSingh Ji & @AmitShah Ji @jkstartups . Since 5th Aug 2019, businesses have suffered like hell. Instead of creating a support system for the #startups or #businesses, Banks have started sending notices to the #properitors/#companies in #UTJK.
Instead of revoking #intrests on us in such political turmoil. We had no role to play in this turmoil, #UTJK economy was held hostage under these notices silently.
Sir was that our fault that u had to close out all communication / shut business 4 such long time 2 regain strength
If not, then why should I suffer.
I was a regular payer of my instalments for Loan taken for business. I am not funded by anyone and neither I fall under any of your policies because I have started and @JKEDI4U never supports established business.
Yes we are dependent on #Banks.
Read 8 tweets
1/ INTRODUCING AVANTI BANK, a new US #bank to serve #digitalasset industry, offering new products & svcs not currently available in USD mkts along w/ tech partner @Blockstream. #Wyoming-based. We’re preparing long process of charter application & aim to open early 2021. @AvantiBT
@Blockstream @AvantiBT @adam3us 2/ Co-founder/team news soon. I’ve founded @AvantiBT w/ key support from top people in #crypto + important innovators from traditional finance. Seed funding round recently closed. Avanti will serve institutional customers that need services around #Bitcoin & #cryptoassets.
@Blockstream @AvantiBT @adam3us 3/ A critical piece of US mkt infrastructure is missing—a regulated #bank that can act as bridge to Fed for pymts + custody #crypto for BIG institutional money (pensions/endowmts/foundtns/corps/sov wealth) who need this b4 entering #crypto in a big way. Regulation had blocked it.
Read 29 tweets
Beginning of the end has begun. Give it a few more weeks, my guess is mid to late March.
BTW, this one may be quite different as 10Y already crushed and FED balance s. already up $500B since Sept. What they do is to cut rates but not much room left. Trump admin may will have to change law so that FED can purchase large cap and bank stocks
After 11 years of orchestrated bull market, even the most seasoned analysts turned blind. It is right in front of you, dont just look, try to see it. It is the same monster but this time it is stronger, uglier and coming for FED #financials #banks #oil #copper #yields #breath
Read 4 tweets
"The man who bankrolled the campaign for Britain to quit the European Union boasted about a backchannel to WikiLeaks after Brexit leader Nigel Farage’s secret meeting with Julian Assange at the Ecuadorean embassy in London" thedailybeast.com/man-who-bankro…
Oh dear Mr @arron_banks tsk tsk... thought he was so clever and must be feeling rather worried right now.
@Arron_banks And pièce de résistance! MORE corroborating my evidence to parliament on #LEAVEEU working with #CambridgeAnalytica - it seems from #Bannon actions they just never got paid. This supports other evidence gathered here: emma-briant.co.uk/reports/
Read 12 tweets
Lets talk about the #MonetaryPolicy Implications for #FinancialInnovation / #FinTech...
I am sure by this time we have all heard of the phenomenon known as #FinTech. Recently, I used the #GoogleTrends platform to ascertain the degree of search interest in the term "FinTech". The graphs depict a surge in interest from around 2014...
I took the #GoogleTrends analysis a bit further and determined where (geographically) interest in the search term #FinTech was most pronounced...
Read 13 tweets
1. In the past months I am often asked what I think of the #DeutscheBank's notional #derivative exposure, which as of Dec 31 2018, according to the bank's annual report, stood at a terrifying €43.5trillion (compare the German annual #GDP of €3 trillion).
Info @tbgstephen #Banks
2. To make it more real: The annual #GDP in the #EU is just €14.6 trillion per year, so the #DeutscheBank's derivative exposure is almost 3 times larger!
3. Reality is that the total in #DeutscheBank's report represents positions both long and short positons including hedging transactions.

#Banks #EU
Read 10 tweets
Jetzt #Schattenmacht #BlackRock im #ZDF.
Um 00:45 morgens.
Werden sicher wenige sehen.
#Merz & die 1% wird es freuen!
2. #BlackRock currently has just under US$7 trillion under management & with #Vanguard they control two thirds of all #ETFs.

Now if BlackRock decides to sell a bigger share because the market turns you can quickly get a "run for the exit", A RUN!

#Markets #Stocks #Merz
3. #BlackRock has major shareholdings in many of the global Top 500 companies.

In Germany BlackRock is a major shareholder in ALL #DAX-companies!

#Stocks #Markets #Merz #CDU
Read 12 tweets
Who runs Extinction Rebellion. Heiko reveals all, Financialisation of Nature, Climate Change, 4th Industrial Revolution, Change the Mind of the Population around an
Issue ...
#TheLeft "use other people money to pay for what they want, by creating a state of mind that their is a desperate & urgent crisis, immediate action, worldwide WW2 mobilisation or new deal thru orchestrated series of events like a media campaign atlanticcouncil.org/blogs/energyso…
A detailed analysis by the #World #Bank found that while $100 trillion is held by #PensionFunds & other #institutional #investors, same investors allocated less than $2 trillion over a 25yr period into #infrastructure #investment in #EmergingMarkets

/3 #WhatDrivesClimateAgenda
Read 7 tweets
Thread for #infographics showing consolidation of #industry & corporate brand families:
Consolidation of #banks 1996-2009
#Food brand ownership
Read 16 tweets

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