Discover and read the best of Twitter Threads about #loans

Most recents (22)

"BYJU'S is one of the largest #Edtech #Startups in India and now it is in deep trouble!"

Let's see what all things have led to these problems in BYJU'S

Let's Begin.... Image
Out of the $4.7 billion pumped into edtech space in 2021, a massive $1.7 billion was raised by Byju's alone.

In 2021, Byju's made 10 strategic acquisitions worth $2.5 billion.
In Dec 2021, Byju's was valued at a whopping $22 billion making it the 13th most valuable startup in the world!

Well, we're done with 2021, which was a glorious year for India's edtech giant.
Read 12 tweets
CROONICLE: Guide on Importing Spices to Canada croonicle.com/2022/03/the-cb… #import
CROONICLE: How to Release the True Potential of Garlic croonicle.com/2022/03/how-to… #health #wellness
CROONICLE: Knowing When to Get Rid of Clothes croonicle.com/2022/03/knowin… #downsizing
Read 30 tweets
CROONICLE: What Can You Learn from Click Heatmap? croonicle.com/2021/12/what-c… #heatmaps
CROONICLE: Hire a Reliable Website Management and Maintenance... croonicle.com/2022/03/hire-r… #websitemanagement
CROONICLE: A Novice Guide about Scalping Strategies on Forex croonicle.com/2022/03/a-novi… #scalping #forex
Read 35 tweets
Answering every iPhone-lover-new earner's query once & for all👇

Should I buy an #iPhone on EMI?

Please ‘re-tweet’ & help us educate more investors

(1/10)

#personalfinance #investing #loans
Let's understand this with a real example :

I earn ₹35K p.m, live in a rented flat in Mumbai & pay EMIs of ₹10K p.m for education loan.

I'm planning to buy an #iPhone12 on 9-months EMI.

Can I afford to buy now? 🤔

(2/10)
Before moving to 'buy / not to buy' decision, you should understand ur current spending status first. (Recipe.finology.in > Prosperity Ingredients > Spending Habit)

Say, rent 8K, food 5K, fuel 2K, clothes & outings 5K & existing EMIs - 10K.

Which means you are -

(3/10)
Read 10 tweets
One thing that happened with the drop in crypto, and in particular $CEL, is that some #Celsians experienced margin / liquidation calls.
If they took loans against $CEL, their LTV (Loan to Value) ratio may have gone above the values for margin call or liquidation with $CEL around $2.
Read 18 tweets
Daily Bookmarks to GAVNet 09/30/2021 greeneracresvaluenetwork.wordpress.com/2021/09/30/dai…
Global impacts of Nature’s journalism and opinion

nature.com/articles/d4158…

#journalism #OpEd,#RealWorldImpact #publications #funding
Identifying and prioritizing potential human-infecting viruses from their genome sequences

journals.plos.org/plosbiology/ar…

#ZoonoticRisk #genomics #MachineLearning #models #RiskAssessment
Read 8 tweets
Super excited to see our paper on #Covid19 #Fiscal Support and its Effectiveness, with Alexander Chudik @DallasFed & @mraissi80 @IMFNews, out in Economics Letters. You can read it (free access) from here: authors.elsevier.com/c/1dDlMbZedt0om #TGVAR 1/n Image
With new variants/waves & reimposition of restrictions in some regions, governments around the world are calling for a careful assessment of the effectiveness of the adopted #Covid19 #fiscal measures before they embark on further easing or tailoring of measures 2/n
The #Covid19 pandemic led to a sharp tightening of global #financial conditions at the acute phase of the crisis and has inflicted large economic losses across the world (see Figure below) ... 3/n Image
Read 28 tweets
Daily Bookmarks to GAVNet 12/19/2020 greeneracresvaluenetwork.wordpress.com/2020/12/19/dai…
Albert Edwards: The 10-Year Yield is Heading to Zero - Articles - Advisor Perspectives

advisorperspectives.com/articles/2020/…

#investing #deflation #forecast
Optimization is as hard as approximation – Machine Learning Research Blog

francisbach.com/optimization-i…

#optimization #MachineLearning
Read 8 tweets
#Banking #MSME #loans

வியாபார கடன்களை இருவகைப்படும்

1. Fund based - பணமாக தருவது
2. Non-fund based - உத்திரவாதமாக தருவது

Fund based:
இது மேலும் இருவகைப்படும்

1. Cash credit / Overdraft
2. Term loan

CC / OD: இது உங்கள் தொழிலின் அன்றாட தேவைகளை (working capital) பூர்த்தி செய்ய
வழங்கப்படும். உங்கள் முதலீடானது ஸ்டாக், வர வேண்டிய கடன் (விற்பனைக்கு பிறகு) போன்றவையால் முடங்கி இருக்கும். அதிலிருந்து உங்கள் வியாபாரத்தை சரிவின்றி நடத்த CC / OD பயன்படும். பொதுவாக உங்கள் ஆண்டு டர்னோவரில் 20% ஆக லிமிட் இருக்கும். இதை வைத்து மூலப்பொருள் வாங்க, சம்பளம் கொடுக்க,
மின்கட்டணம், அரசு வரிகள் கட்ட, மூலப்பொருள் வாங்கிய கடன் அடைக்க போன்ற செலவுகளுக்கு பயன்படுத்தலாம். இதை வைத்து எந்தவித சொத்தும் (நிலம், கட்டிடம், இயந்திரம்) வாங்கக் கூடாது. அப்படி செய்தால் உங்கள் working capital கடுமையான பாதிப்புக்கு ஆளாகி தொழில் முடங்கலாம். இதை running limit என்று
Read 11 tweets
1/10
*OWNING A HOUSE *

Having a self owned home is a dream come true for the majority of us . We still equate it with prosperity & being settled .
But with the alarming cost of reality (especially in Metro's) when does this make sense?
My viewpoint on the same.
+
2/10
(So called)Pro's :
*Having your own place - Pride of possession.
*An investment .
*Having liberty to decorate as per choice { provided the wife permits 😉 }
*No need to shift often.
*Loan available at low interest rate.
Easy way to #leverage in markets (Common blunder!)
3/10
Are these really as good as they sound?

*The pride of owning a house comes with buckets of stress ,for most of the properties are purchased taking huge #loans spread across 2-3 decades of repayment.
So are we actually owning a house or is the bank possessing us ? 🤔
Read 12 tweets
#Assetallocation changes as you near retirement. What if your equity #investments are stuck in a phase where the markets are battered?
Can I share #income by creating a trust?
How can an IT employee generate alternate sources of income?
Read 25 tweets
RBI CIRCULAR ON LOAN MORATORIUM:

Supreme Court will shortly begin hearing the petitions challenging the interest component of the circulars allowing Banks to grant moratorium on term loan repayment.

#SupremeCourtOfIndia @RBI
The #SupremeCourt is considering the question of interest to be charged on interest as well as the powers of the Centre and the NDMA under the Disaster Management Act to provide relief on aspect of loan repayment during #COVID__19 pandemic.

#LoanMoratorium @RBI
The Court conducted a day long hearing yesterday when the Bench of Justices Ashok Bhushan, R Subhash Reddy and MR Shah heard arguments advanced by the petitioners.

Today, Solicitor General Tushar Mehta and Senior Counsel V Giri for RBI are scheduled to make their submissions.
Read 46 tweets
One of the largest #loans #restructuring exercises in Indian banking history will kick off in Sept 2020 till March 2021
Let’s see how Modern banking system actually works
#Banking is all about lending activities, if they practise good lending via various advances methods
as approved by the #Regulators they are good businesses or else they can go bust
modern banking system is based on the fractional reserve system
What does fractional reserve means
1) People deposit their savings in the bank in the hopes of earning #interest rates
2) The bank turns around and lends out the vast majority of that deposited money or the bank invests it in other financial instruments (sometimes sound, more often reckless or even toxic) in an effort to make a profit
In other words, banks keep only a small fraction of depositors
Read 17 tweets
1/ Acknowledging the critical role of #SocialProtection (SP) in preventing people from falling into poverty & food insecurity as a consequence of the #COVID19 crisis, countries in the #MENA region have implemented a variety of SP measures. Image
2/ The Regional UN Issue-Based Coalition on Social Protection (IBC-SP), which includes @iloarabstates, @UNDPArabStates, @UNICEFmena & @UNESCWA, along w/ other #UN agencies, partnered with the @IPC_IG to take stock of the first phase of responses. See bit.ly/30ZNfML.
3/ Certain groups in #MENA are particularly vulnerable: about 2/3 of the pop. work in the #InformalSector, with limited access to SP. #Refugees and #IDPs face overcrowded living conditions and insufficient WASH and health services, many are dependent on UN agencies for SP.
Read 11 tweets
The #capital market is critical to technological #innovation, noted Xiao Gang, former #CSRC Chairman, stressing the capital market’s role in bridging industrial development and technological advances...1/8
Underpinning industrial developments and competitiveness are technological innovations; all innovations are built upon #R&D which must be supported by adequate capital. Innovations based on original technologies need huge #investment and a long time to materialize...2/8
People would not put their #savings or bank #loans in these risky projects..Only investors who are willing to take the risks in exchange for maximum potential returns would make investment...3/8
Read 8 tweets
Daily Bookmarks to GAVNet 08/08/2020 greeneracresvaluenetwork.wordpress.com/2020/08/08/dai…
Why Decentralization Matters. We’ve forgotten there’s a better way to… | by Chris Dixon | OneZero

onezero.medium.com/why-decentrali…

#decentralization
The debate over masks today is a lot like the decades-long fight to mandate seat belts - CNN

onezero.medium.com/why-decentrali…

#belts #debate #seat #masks
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
#Munishwari from the Kal Oddar Kurravar community lives in Madurai and shares that she chose to study law to help her community fight against the baseless accusations laid on them by the police. People in this community are mostly daily wagers
Before #lockdown they were dependent on their daily wages for food. Now, they are not able to go for work and have been struggling a lot to even get food.
All these families are dependent on their daily wages to buy basics like milk or biscuits or vegetables but...
...they have not been able to provide their children with any of these necessary supplements as they do not have any earnings. They have tried to get #loans from but could not as they are daily wage workers and they might not be able to pay it back.
Read 6 tweets
The @ecb response to #COVID19.

My new blog (link below) and a thread on what #centralbanks should do to face the crisis

(1/9)
In short
- Households & firms need massive emergency #credit to cope with #COVID19
- #centralbanks are critically accommodating credit markets
- CBs must guarantee sustainable credit conditions
- CBs must ensure that credit go where it's needed
- #HelicopterMoney is option
(2/9)
#fiscalpolicy is crucial to ensure most vulnerable get the help needed. Ambitious fiscal plans have been pledged.

Volume and price countries get on markets is key to scale-up public response to #COVID19 and for #sustainability of sovereign debt.

(3/9)
Read 9 tweets
A detailed #thread on the important #schemes launched by Sri #NarendraModi led #BJP Govt.

Sri @narendramodi ji has launched many #welfare schemes. These #schemes varies from welfare of #Farmers, #housewives, #labourers, #students to small #shopkeepers etc.
@PMOIndia @BJP4India
1. PM-KISAN: This scheme promises to pay all poor #farmers (small and marginal farmers having lands up to 2 hectares) Rs 6,000 each every year in 3 installments through Direct #Bank Transfer. It would reportedly benefit around 14.5 crore farmers all over #India.
2. Pradhan Mantri #Kisan Pension Yojana: To address the problems of farm sector distress, the Modi 2.0 Cabinet has approved a proposal to provide small and marginal #farmers with a minimum Rs 3,000 per #month fixed #pension, costing Rs 10,774.5 crore per annum to the exchequer.
Read 33 tweets
THREAD: #China’s central bank #PBoC on Sat. unveiled plan to improve the mechanism which will form the loan prime rate (LPR) to further liberalize the rate of bank loans, marking a significant step forward toward the market-based reform of interest rate. mp.weixin.qq.com/s/IoTSx9MePEnY…
The reform of #LPR is mainly aimed at improving the efficiency of monetary policy transmission mechanism. Under the current FTP(funds transfer pricing) model, easing monetary policy often fail to benefit real economy sector, according to Li Qilin, CF40 Youth Scholar.
The new LPR will have three major changes, 1. Besides the already existing 1-year LPR, #banks will also report 5-year LPR which could provide reference for PBoC to set the price for mid- and long-term #loans.
Read 7 tweets
Past experience has spoken against the effectiveness of setting rigid targets and eligibility requirements to enhance commercial sustainability of #financial institutions. Assessing the effectiveness of #banks’ support to private #firms only by quantitative measures isn't valid.
But this doesn't mean evaluation isn't needed, instead we should evaluate from multi dimensions, while following #market rules, taking into account the quantity, #efficiency and #quality of #loans, and enhancing the precision of support and banks’ #commercial #sustainability.
It is better not to rely on rigid measures, otherwise a variety of old problems would repeatedly occur. By Xiao Gang, former #CSRC Chairman and CF40 non-resident senior fellow.
Read 3 tweets

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