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
Today's 10000Cr is also over&above the 30000Cr #SLF given in May 2020
Under SLF,investment was made in primary&secondary market investment-grade debt papers of NBFCs,HFCsµfinance institutions(MFIs)
In May,@narendramodi govt also handed 45000Cr under #PCGS to help #MSMEs💪
@narendramodi gov also helped corporates via #TLTROs,introduced in March this yr,by RBI
Under TLTRO,banks can access 3-Yr funds of up to Rs1 lakhCr,which they can then invest in corporate bonds,including the bonds of mid sized corporates& #NBFCs,facing liquidity crunch
#economy
#TLTROs have been a resounding success
June qtr saw record fund raising by corporates
#Reliance raised 24955Cr
#Tatas 5700Cr
L&T 11851Cr
Rural Electrification Corp 12854Cr
#HDFCLtd 15250Cr
Power FinanceCorp 23000Cr
Over 2 LakhCr raised via #BondSales/TLTROs,in June qtr
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.