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shapara11ii Profile picture
shapara11ii
@shapara11ii
Screw Finance and Economists
Mar 20, 2023 • 27 tweets • 12 min read
The Great Bank Robbery!

Did you know #JSBL has avoided paying Rs. 6.3bn for control of #BIPL and got it for free?

Let me tell you how! BIPL was historically a problem child that was plagued by bad lending (non-performing loans), high cost of deposits and insufficient capital base due to provisioning.

However, the Bank managed to turn around posting record profits and paying major dividend.