Discover and read the best of Twitter Threads about #ruraleconomy

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#AxisBank has raised 10000Cr via #QIP,at Rs 420.10,which is 5% discount to lower end of band

15000Cr,recently raised by #YesBank

In last 6 months,52000Cr raised by #Banks--#CapitalAdequacy will be key in dealing with post #Covid stress

Great move by banks to shore up CapitalšŸ’Ŗ
#ICICIBank wanted to raise 15000Cr but got bids worth 62000Cr today at floor price of 351.36/-

Within few hours of opening,due to huge oversubscription,#QIP was closed

Clearly,there is no dearth of liquidity in the markets

90000Cr raked in by #DebtFunds in July'20
#GreenShoots
Lot has been written about #BoB's loss of 864Cr in June qtr,from 710Cr profit,YoY

Like i have been saying,most Banks now focus on #AssetQuality&not just Profits

BoB hiked #Provisions by 54% on standard loans,to cover for future losses

In 2013,Banks were doing the oppositešŸ˜‘
Read 7 tweets
In an otherwise grim #economic outlook, #Cement stocks shine as a ray of hope in the market - basis better than expected performance of cement companies in Q1 21 and banking on government infra spends to boost #economy post #Covid19 #indianeconomy business-standard.com/article/marketā€¦
#IndianEconomy Return of #migrantlabour could turn out to be a boon for #ruralIndia. Better availability of labour, good harvest, MNREGA and PMGKY etc spends could augur well for #ruraleconomy. Besides, availability of manpower also helped in sowing season. #COVID19India #economy
#IndianEconomy Per current outlook on #Covid19 Cities and user states canā€™t wait indefinitely for normalcy and #migrantlabour to return (even at higher pay). They will have to adopt new construction practices and technology. That is also an opportunity for re/upskilling. #economy
Read 3 tweets

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