Discover and read the best of Twitter Threads about #NBFC

Most recents (13)

Hello Traders, Below is our trade plan for upcoming week. It will be a buy & hold portfolio with time frame of 30 trading sessions #NIFTY #BANKNIFTY #fmcg #INFY #TCS #GranulesIndia #Bayercorp #SBIcard #Cipla #tataconsumer #Alltimehigh #Dhoni #DhoniRetires #ThalaDhoni #CSK Image
Below is the link to chart where we have tried explaining the idea behind buy on Granules #Granules #API #momentuminvesting #alltimehigh #ATH

tradingview.com/chart/GRANULES…
Below is the link to chart where we have tried explaining the idea behind buy on Tata Consumer #TataConsumer #fmcg #Nifty #banknifty

tradingview.com/chart/TATACONS…
Read 9 tweets
Reforms are coming to India's power sector. #DISCOMs in union territories are proposed to be privatized. What has India learnt from privatizing #electricity #distribution #utilities in the past?

Some food for thought >

1/n

#ElectricityTwitter #EnergyTwitter #privatization
Private/PPP DISCOMs operate in a few cities of India—most notably in #Delhi (Tata Power Delhi Distribution, #BSES Rajdhani & Yamuna), although among others, #Kolkata (CESC) and #Mumbai also receive power from privatized #DISCOMs.

What benefits accrue from #privatization?

2/n
Improvements in performance are best outcomes of #DISCOMs' #privatization—AT&C losses have fallen from 50+% in 2002 to ~8% in '19 for Delhi's DISCOMs, and CESC incurs 9.8% as against the 14.3% allowable in Kolkata.

3/n
Read 8 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
1/ #कोरोना #corona संकटामुळे कर्ज खात्याच्या हप्त्याला ३ महीने (जून अखेर) मुदतवाढ यापूर्वी मिळाली आहे. नॉन बैंकिंग फिननाशल कंपनी #NBFC कडून ज्यानी कर्जे घेतले आहे त्याना ही सवलत नाही. नुकतेच काही बैंकानी त्यांच्याकडून ज्या NBFC नी कर्जे घेतली आहेत त्याना या ३ महीने हफ्ता
2/ मुदतवाढीचा लाभ देण्याचे ठरविले आहे. त्यामुळे NBFC ना देखील त्यांचा कर्जदाराना ३ महीने कर्ज हप्ता मुदतवाड द्यावी लागेल अशी सर्व सामान्य नडलेल्या कर्ज़दाराची अपेक्षा आहे, जी रास्त आहे.अन्यथा या कर्जदारावर अन्याय केल्यासारखे होईल. ज्यांची कर्जे NBFC कड़े आहेत त्यानी एकदा
3/ खात्री करून घ्यावी की त्यांच्या कर्ज खात्याला हा लाभ मिळणार आहे की नाही किवा असा लाभ देण्याविषयी विनंती करावी.बांधकाम गिलावा काम करणाऱ्या एका मित्राने मोबाइल घेण्यासाठी कर्ज काढले आहे. त्याला हप्त्याचा तगादा चालू आहे.त्याने ही शंका आज विचारली म्हणून हा ट्वीट प्रपंच.
Read 4 tweets
Finally, after so much wait, @RBI Governer comes out to provide much needed relief to economy - key announcements thread:

#RBI #economy #rbigovernor
1. Yes, even after all the projections of economic growth slip, India might still stay at the top of global economic growth chart (As per IMF).

#IMF #GDP
2. NBFCs, this time RBI has looked out for you.

TLTRO 2.0 - targeted long term repo operations of INR 50k crore ease the liqudiity issues, specifically for NBFCs.

#NBFC
Read 9 tweets
#Budget2020 #sensex
Three themes of budget:

1) Aspirational Indian
2) Economic Development
3) Developing a Caring society
#Budget2020
Not only trains, Krishi Udaan by ministry of civil aviation for logistics of perishable items
#budget2020 #budget #nbfc #cooperatives
Target for agriculture credit 15 lakh crores.
Read 69 tweets
#Moodys has pulled down its growth forecast for FY19 to 5.8%. Only surprise is why it’s not even lower. In the past year growth has collapsed from 8% to 5%. /1
@threadreaderapp

#India #CPI #GDP #RBI #bonds #inflation #ratecut #NBFC #jobs #credit #NPA #NCLT #growth
On the other hand #CPI is now at 4.6%. The laxmanrekha of 4% has been breached. A mix of drought, floods and unseasonal rain is driving food prices up. Core #inflation continues to fall to 3.7% reflecting the slowdown. /2
#India #GDP #RBI #bonds #ratecut #NBFC #jobs #credit #NPA
The wisemen and women of the economy have only one mantra - Cut, Pray, Hope. When in doubt cut rates.135 bps done but transmission is limited. We are told don’t look at nominal, real rates are still high. A single large cut is required. /3
#India #CPI #GDP #RBI #bonds #inflation
Read 16 tweets
After the buildup and the crash-course in my last post, here is my post analysing Promoter Financing market in India. The analysis attempts to explain the slowdown in promoter financing in India and brings out some interesting facts. Read on to know more. Thread 1/12
As per BSE data, the aggregate value of promoters' pledged shares was ~1.85 lakh crore as at Aug 23, 2019. In comparison, the value of promoters' pledged shares stood at ~Rs 2.5 lakh crore as at Aug 30, 2018. The fall in pledge levels indicate slowdown in promoter financing. 2/12
An ET article (July 22), observed that 'pledging of shares by promoters of NSE companies dropped to a six-year low'. Another ET article (Aug 15), noted that 'interest rates on loans against shares (LAS) have surged by about 300 basis points in the past 3 months'. 3/12
Read 18 tweets
This post is a crash course on promoter funding, which serves as a bedrock for my next post.

Promoter funding/ financing, is the colloquial term used for raising of debt funds by Promoters of companies usually against the security/ comfort of shares. Thread 1/13
A promoter, many a times, needs money for (a) equity infusion in a new/ growing business, (b) personal use (c) enhancing stake in established business (d) family settlement etc.

If he doesn't have enough cash at his disposal, he borrows from finance firms. 2/13
The most liquid and widely accepted collateral/ security for these borrowings are shares of established (usually listed) companies.

These shares are pledged to the financing firm (or a trustee) to avail of the debt facility. 3/13
Read 18 tweets
Government, on August 13, issued a 'Scheme to provide a one-time partial credit guarantee to PSBs for purchase of pooled assets of financially sound NBFCs'. This scheme is a step in right direction towards solving the liquidity crunch that NBFCs are faced with. Thread (1/12)
It may be recalled that the Finance Minister, in her budget speech, had made an announcement to this effect. Thid scheme attempts to address temporary asset liability mismatches of NBFCs/HFCs so that they don't have to resort to distress sale owing to paucity of liquidity. 2/12
The major features of this scheme are:
A) It is a one time guarantee provided by GoI, for a period of 24 months.
B) The schemes is only applicable to PSU banks for first loss of up to 10%
C) Guarantee can be invoked if the credit rating of the pool goes to 'D' (default). 3/12
Read 16 tweets
I am revisiting the topic of Public Issue of Non-Convertible Debentures (NCDs) covered a couple of days back. Only this time, I am focusing on Subordinated (Tier II) NCDs that are slipped in (sometimes slyly) along with senior secured NCDs of NBFCs. Thread (1/9)
Refer to the picture, below (the pic is representative only). A subordinated NCD (circled in red) appears as one of the many maturity options. A naive investor may think that it is similar to other NCDs on offer, just that it has a longer maturity. (2/9)
What many investors are unaware of is the fact that subordinated NCDs are paid after senior NCD holders in-case the company goes into liquidation i.e. subscribers to option I to VIII NCDs, in the pic above, would be paid before payments are made to option IX to XI NCDs. (3/9)
Read 13 tweets
#DHFL #NBFC Had a conversation with a large institutional investor. Some interesting points
1.DHFL poses systematic risk which regulators are taking very lightly
2.The problem in DHFL if not checked in time can spill over to broader financial sector and have a cascading effect
3.The next two big weak links – India bulls and Yes Bank
4.Cumulatively among the 3, there is a 5 lac crores exposure at risk.
5.Sensible thing would be for the RBI to look at the books of DHFL
a. If no skeletons – then give them a line of credit to tide over any liquidity issues
b.If problem in the books – then takeover and run down the book in a way that does not put the whole system at risk.
Read 6 tweets
The ghosts of 2008 are back. We had #Lehman. Today we have #ILFS and #RupeeAt75. The bulls have given up. #Sensex is down 4500 points in 25 sessions. As shared by @Prashanth_Krish over 50% of stocks traded on NSE are down 50% or more. Friday’s fall would have made it more brute.
Most of serious investors are fully invested. With the kind of sell-off witnessed in #Bajaj twins, #HDFC twins, #Reliance, #Kotak, quality midcaps/largecaps, no one is spared. Even Portfolios of respected investors like Rakesh J, @porinju, @VijayKedia1, SP Tulsian are down!!
In 2017 everyone made easy money. 2018 made you realise how difficult it is for traders and investors to make money in #stocks. I wish @adhia03 realises the gravity of his mistake by imposing #LTCG by referring stock markets as easy money making medium. #Nifty #Sensex
Read 27 tweets

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