Discover and read the best of Twitter Threads about #KotakMahindraBank

Most recents (4)

IMF today revised India's GDP growth forecast for FY22 from 8.8% to 11.5%,making it fastest growing global economy

#IMF listed India as only major economy of the world to register double-digit growth in FY22,thx to pathbreaking reforms&mega vaccine roll out by @narendramodi govt
For CY21/FY22,while IMF projects 11.5% for India,it says global GDP will grow by only 5.5%

Advanced economies to grow by just 4.3%&EMs by 6.3%

China@ 8%,Spain@5.9%&France with GDP growth of 5.5%,are the other projections

India's rebound under @narendramodi govt,to be fastest
L&T,#EPC behemoth, reported 17% rise in Profit,with margins up 80bps at 12%

Worth noting that L&T's order book at Rs 3.31 lakh Cr,is up a massive 76% YoY&the highest that it has ever reported in a quarter

Strong order inflows despite #COVID19,shows capex cycle is turning around
Read 5 tweets
#IndusIndBank shares rally 4% after promoters refute reports of merger with #KotakMahindraBank

businessinsider.in/finance/banks/…

By @pabsgill Image
#IndusIndBank shares saw its value surge by 4% after Bloomberg reported that a merger might be in the works with #KotakMahindraBank.
Both banks have refuted the report. #IndusIndBank went so far as to say that it’s “malicious, untrue and baseless.”
Read 7 tweets
#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
#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
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💪
Read 8 tweets

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