Thread by @Sanju_Verma_

YesBank's 15000Cr #FPO opens on 15thJuly,with 200Cr for employees

#SBI holds 48%+ stake &will invest 1760Cr in FPO

15000Cr will boost #CET-1 of Yes

Brilliant execution by @narendramodi govt--in just 5 months since it exploded, turnaround of #YesBank,tells you how it is done💪

Govt to invest Rs12450Cr in National,United&Oriental Insurance, with their merger being called off for now

23 #CPSEs of govt to invest Rs1.65 lakhCr in FY21

6195.08Cr given as #RevenueDeficit grant by Union,to States

@narendramodi govt working on multiple fronts,despite #Covid

This week #HdfcBank&Bank of Maharashtra cut #MCLR by 20bps, across tenors

SBI cut MCLR by 5-10bps for 3mth tenor,to 6.65%

#SBI's 1yr MCLR is also low@7%

#Repo cut of 135bps in 2019& 115bps in 2020,to 4%,has lowered lending rates& #EMIs,helping middle class&businesses

#Economy

#MicroFinance lender,#Bandhan Bank,saw profit growing 45.6% YoY in June'20 qtr &this,despite #lockdown&higher provisions

NII rose 36%,with loan growth of 39.4% YoY

Bandhan's stellar result is a big vindication of healthy micro lending activity&a slap to doomsdayers

#economy

Asset quality of #Bandhan Bank was stable,with Gross NPAs lower@2.02%

Ex-ILFS,#GNPA was 1.11%

#CreditCost was just 1.3%,despite Bandhan now providing 1% on standard portfolio,Vs regulatory requirement of 0.25%

@narendramodi gov's focus on asset quality of #MFIs,bearing fruit