Discover and read the best of Twitter Threads about #SIDBI

Most recents (3)

My thread 👇 on #RBIPolicy,the need to hold rates steady for now&analysis of #CanaraBank and #BankofIndia Nos

What is amply clear is,be it #SBI,#HdfcBank,Axis,or smaller Public Sector banks,there has been a dramatic improvement in #AssetQuality,which bodes well

#EconomyOnTrack
BIG decision by #RBI,is bringing #StartUps under priority sector lending--out of the box move

Move to give 5000Cr addnl liquidity to #Nabard&5000Cr to #NHB,will help agri&real estate

Decision to set up #InnovationHub will help tech innovation&ideation

@narendramodi govt cares!
In April 2020,@narendramodi govt infused 50000Cr,of which 25000Cr was for #NABARD to support #RRBs&MFIs

15000Cr was for #SIDBI,for refinancing financial entities who lend to #MSMEs

#NHB was given 10000Cr to support #HFCs

Today's 10000Cr is over&above this 50000Cr💪

#economy
Read 6 tweets
#RBI cut by 40bps each of these👇
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%

Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut

#MPC meet was held ahead of schedule from 3rd-5th,June

#EMI #moratoroum extended by 3 more months
Moratorium extension till 31st August 2020,is both timely &reflective of @narendramodi govt's alacrity--Big relief to #MiddleClass

Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful

This will reduce #NPAs &stress on banks' balance sheets
#RBI's cut in #Repo will reduce cost of funds&extension of #moratorium will be supportive of financial stability;#Rates across #YieldCurve will move lower from current levels

Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend

#Covid
Read 10 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

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